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

Manchester Capital Management LLC lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613 shares of the software company’s stock after selling 76 shares during the quarter. Manchester Capital Management LLC’s holdings in Autodesk were worth $181,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jag Capital Management LLC acquired a new stake in shares of Autodesk in the third quarter valued at approximately $13,861,000. LMR Partners LLP acquired a new stake in shares of Autodesk in the third quarter valued at approximately $12,643,000. Starboard Value LP purchased a new position in Autodesk in the third quarter worth approximately $510,189,000. China Universal Asset Management Co. Ltd. grew its position in Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after acquiring an additional 5,365 shares during the period. Finally, Brookstone Capital Management grew its position in Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after acquiring an additional 26,768 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.3 %

Autodesk stock opened at $302.72 on Friday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $65.08 billion, a PE ratio of 60.06, a P/E/G ratio of 3.17 and a beta of 1.43. The stock’s fifty day moving average is $299.44 and its two-hundred day moving average is $283.30.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the firm earned $1.33 earnings per share. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ADSK shares. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Wells Fargo & Company increased their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Citigroup increased their price objective on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently 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.