Koshinski Asset Management Inc. Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Koshinski Asset Management Inc. cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 15.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,675 shares of the software company’s stock after selling 310 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Autodesk were worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Leonard Rickey Investment Advisors P.L.L.C. purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $211,000. Union Savings Bank purchased a new stake in shares of Autodesk during the fourth quarter worth approximately $41,000. UMB Bank n.a. raised its stake in Autodesk by 337.2% in the 4th quarter. UMB Bank n.a. now owns 24,889 shares of the software company’s stock valued at $7,356,000 after purchasing an additional 19,196 shares during the last quarter. Grove Bank & Trust raised its stake in Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after purchasing an additional 37 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in Autodesk by 5.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,187 shares of the software company’s stock valued at $351,000 after purchasing an additional 59 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ ADSK opened at $301.45 on Thursday. The stock has a market cap of $64.81 billion, a PE ratio of 59.81, a P/E/G ratio of 3.44 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a fifty day simple moving average of $299.73 and a 200-day simple moving average of $276.45.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business posted $1.33 EPS. Autodesk’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup increased their price objective on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Barclays increased their price objective on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Scotiabank assumed coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective for the company. Stifel Nicolaus increased their price objective on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Robert W. Baird raised their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by company insiders.

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.