Choreo LLC Sells 300 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Choreo LLC lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,087 shares of the software company’s stock after selling 300 shares during the period. Choreo LLC’s holdings in Autodesk were worth $1,808,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the last quarter. FMR LLC raised its position in shares of Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock valued at $1,557,454,000 after acquiring an additional 46,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Autodesk by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after acquiring an additional 61,785 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after acquiring an additional 245,816 shares during the last quarter. Finally, Starboard Value LP bought a new stake in shares of Autodesk during the 3rd quarter valued at $510,189,000. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk 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 owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $301.15 on Friday. The stock has a market capitalization of $64.75 billion, a price-to-earnings ratio of 59.75, a PEG ratio of 3.67 and a beta of 1.43. The business has a 50-day moving average of $299.35 and a 200-day moving average of $280.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of several recent research reports. Robert W. Baird upped their target price on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. KeyCorp upped their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Rosenblatt Securities raised their price objective on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. UBS Group started coverage on Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $333.77.

Autodesk 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.