Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,252 shares of the software company’s stock after selling 1,013 shares during the period. Yousif Capital Management LLC’s holdings in Autodesk were worth $6,879,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Rakuten Securities Inc. bought a new stake in Autodesk in the 4th quarter valued at about $28,000. Operose Advisors LLC bought a new stake in shares of Autodesk during the 3rd quarter worth about $35,000. AdvisorNet Financial Inc raised its position in shares of Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after buying an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after buying an additional 68 shares in the last quarter. Finally, VisionPoint Advisory Group LLC raised its position in shares of Autodesk by 230.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock worth $40,000 after buying an additional 136 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

NASDAQ:ADSK opened at $214.28 on Thursday. The stock has a market cap of $45.83 billion, a P/E ratio of 51.07, a PEG ratio of 3.00 and a beta of 1.43. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The company has a fifty day moving average price of $249.24 and a 200 day moving average price of $235.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

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

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the sale, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now directly owns 33,766 shares in the company, valued at approximately $9,285,650. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock worth $9,465,055 in the last ninety days. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Oppenheimer boosted their price objective on shares of Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. StockNews.com raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. Citigroup boosted their price objective on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

About Autodesk

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.