Ieq Capital LLC Sells 2,348 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Ieq Capital LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,158 shares of the software company’s stock after selling 2,348 shares during the period. Ieq Capital LLC’s holdings in Autodesk were worth $4,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ADSK. Foundations Investment Advisors LLC increased its position in Autodesk by 2.9% during the third quarter. Foundations Investment Advisors LLC now owns 2,784 shares of the software company’s stock valued at $767,000 after acquiring an additional 78 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Autodesk by 13.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,464 shares of the software company’s stock valued at $954,000 after acquiring an additional 419 shares during the last quarter. Signaturefd LLC increased its position in Autodesk by 8.8% during the third quarter. Signaturefd LLC now owns 3,053 shares of the software company’s stock valued at $841,000 after acquiring an additional 248 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Autodesk by 36.3% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,291 shares of the software company’s stock valued at $356,000 after acquiring an additional 344 shares during the last quarter. Finally, Grimes & Company Inc. purchased a new stake in shares of Autodesk during the third quarter valued at $235,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

ADSK stock opened at $285.00 on Friday. The firm has a market cap of $61.28 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 3.08 and a beta of 1.43. The firm has a 50-day simple moving average of $298.25 and a two-hundred day simple moving average of $285.27. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays boosted their target price on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Bank of America boosted their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

Autodesk Company 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.