Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100 shares of the software company’s stock after buying an additional 50 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Autodesk were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in ADSK. Starboard Value LP acquired a new stake in shares of Autodesk during the third quarter worth approximately $510,189,000. Massachusetts Financial Services Co. MA lifted its stake in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after purchasing an additional 452,728 shares during the last quarter. Franklin Resources Inc. lifted its stake in Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after purchasing an additional 387,309 shares during the last quarter. State Street Corp lifted its stake in Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADSK. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. KeyCorp raised their price objective on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Citigroup raised their target price on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Finally, Oppenheimer raised their target price on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

Autodesk Trading Down 2.1 %

Shares of ADSK opened at $285.00 on Friday. The business’s 50-day moving average price is $298.25 and its 200 day moving average price is $285.63. The stock has a market capitalization of $61.28 billion, a P/E ratio of 56.55, a P/E/G ratio of 3.00 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. 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 (NASDAQ:ADSK) last issued its quarterly earnings results 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. The firm had revenue of $1.57 billion for 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 was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.