Autodesk, Inc. (NASDAQ:ADSK) Stock Position Decreased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 41.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,023 shares of the software company’s stock after selling 725 shares during the period. Citizens Financial Group Inc. RI’s holdings in Autodesk were worth $282,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of Autodesk in the first quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in shares of Autodesk during the second quarter valued at approximately $26,000. Pacifica Partners Inc. lifted its position in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Autodesk in the 3rd quarter worth approximately $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Berenberg Bank increased their target price on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. Bank of America lifted their target price on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Royal Bank of Canada increased their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Finally, Mizuho set a $260.00 target price on shares of Autodesk in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $309.43.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock valued at $5,232,213 over the last quarter. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $321.27 on Friday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $321.90. The stock has a market capitalization of $69.07 billion, a PE ratio of 65.70, a P/E/G ratio of 4.03 and a beta of 1.47. The stock has a 50-day simple moving average of $286.44 and a 200 day simple moving average of $254.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. Research analysts anticipate that Autodesk, Inc. will post 5.73 EPS 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.