Greenleaf Trust Lowers Position in Autodesk, Inc. (NASDAQ:ADSK)

Greenleaf Trust lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,796 shares of the software company’s stock after selling 298 shares during the period. Greenleaf Trust’s holdings in Autodesk were worth $4,820,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADSK. Bigelow Investment Advisors LLC purchased a new stake in shares of Autodesk during the fourth quarter worth about $237,000. Institute for Wealth Management LLC. purchased a new stake in Autodesk during the 4th quarter worth approximately $202,000. Fidelis Capital Partners LLC increased its stake in Autodesk by 11.5% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,320 shares of the software company’s stock valued at $321,000 after purchasing an additional 136 shares in the last quarter. HF Advisory Group LLC grew its holdings in shares of Autodesk by 12.3% during the fourth quarter. HF Advisory Group LLC now owns 1,110 shares of the software company’s stock valued at $270,000 after buying an additional 122 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its position in shares of Autodesk by 3.0% in the 4th quarter. Waterfront Wealth Inc. now owns 3,945 shares of the software company’s stock valued at $961,000 after acquiring an additional 114 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

ADSK stock opened at $216.50 on Friday. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The firm has a market capitalization of $46.31 billion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 2.90 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The business has a 50 day simple moving average of $251.86 and a 200-day simple moving average of $234.97.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the sale, the director now owns 38,766 shares in the company, valued at $10,262,910.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at $898,621.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,666 shares of company stock valued at $10,090,055. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. Rosenblatt Securities raised their price target on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price objective on shares of Autodesk in a research note on Friday, April 12th. The Goldman Sachs Group boosted their target price on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research report on Friday, March 1st. Finally, KeyCorp lifted their price objective on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $272.44.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.