Amalgamated Bank Lowers Position in Autodesk, Inc. (NASDAQ:ADSK)

Amalgamated Bank decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,181 shares of the software company’s stock after selling 66 shares during the period. Amalgamated Bank’s holdings in Autodesk were worth $13,354,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Mount Yale Investment Advisors LLC raised its stake in shares of Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd increased its position in shares of Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after buying an additional 35 shares during the period. Grove Bank & Trust increased its position in shares of Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares during the period. Journey Strategic Wealth LLC lifted its holdings in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after buying an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.5 %

ADSK opened at $283.72 on Wednesday. The company has a market cap of $61.00 billion, a P/E ratio of 56.29, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The business’s 50-day moving average price is $297.47 and its 200-day moving average price is $286.63. 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 announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 53.87% and a net margin of 18.30%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. On average, equities analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ADSK. Scotiabank assumed coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. UBS Group assumed coverage on Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday. Finally, Barclays lifted their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.