Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 101 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,662 shares of the software company’s stock after selling 101 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Autodesk were worth $497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk in the 4th quarter worth $25,000. Livelsberger Financial Advisory purchased a new stake in Autodesk in the third quarter worth about $27,000. Concord Wealth Partners bought a new position in shares of Autodesk in the third quarter worth about $28,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk during the 3rd quarter valued at about $28,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the 4th quarter valued at approximately $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Down 2.1 %

ADSK stock opened at $301.15 on Monday. The firm’s fifty day simple moving average is $299.53 and its two-hundred day simple moving average is $281.48. The stock has a market capitalization of $64.75 billion, a price-to-earnings ratio of 59.75, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The company has a quick ratio of 0.65, a current 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.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Robert W. Baird increased their price target on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. UBS Group started coverage on Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective for the company. Finally, Barclays lifted their target price on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $333.77.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

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.