Gilbert & Cook Inc. Decreases Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Gilbert & Cook Inc. decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 24.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,143 shares of the software company’s stock after selling 374 shares during the quarter. Gilbert & Cook Inc.’s holdings in Autodesk were worth $338,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ADSK. Jag Capital Management LLC purchased a new position in shares of Autodesk in the third quarter valued at $13,861,000. LMR Partners LLP bought a new stake in shares of Autodesk during the third quarter valued at about $12,643,000. Starboard Value LP bought a new position in shares of Autodesk in the third quarter valued at approximately $510,189,000. Erste Asset Management GmbH purchased a new position in Autodesk during the third quarter valued at approximately $20,087,000. Finally, Brookstone Capital Management increased its holdings in Autodesk by 1,058.9% during the 4th 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. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ADSK shares. Robert W. Baird boosted their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays upped their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. UBS Group started coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 target price for the company. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. Finally, Oppenheimer lifted their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $331.50.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK stock traded up $4.64 during midday trading on Thursday, hitting $308.81. The company’s stock had a trading volume of 51,333 shares, compared to its average volume of 1,284,965. The firm has a market capitalization of $66.39 billion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. 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 12 month low of $195.32 and a 12 month high of $326.62. The company has a 50 day moving average of $299.38 and a two-hundred day moving average of $278.54.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS. On average, analysts expect that Autodesk, Inc. will post 5.76 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.