New York Life Investment Management LLC Sells 353 Shares of Autodesk, Inc. (NASDAQ:ADSK)

New York Life Investment Management LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 32,075 shares of the software company’s stock after selling 353 shares during the quarter. New York Life Investment Management LLC’s holdings in Autodesk were worth $9,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Starboard Value LP bought a new stake in shares of Autodesk during the third quarter valued at approximately $510,189,000. Massachusetts Financial Services Co. MA boosted 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 buying an additional 452,728 shares in the last quarter. Franklin Resources Inc. boosted 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 buying an additional 387,309 shares in the last quarter. State Street Corp increased its holdings in Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after buying an additional 245,816 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of Autodesk stock opened at $282.35 on Friday. The stock’s fifty day simple moving average is $297.11 and its 200 day simple moving average is $286.59. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $60.71 billion, a PE ratio of 56.02, a PEG 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.

Autodesk (NASDAQ:ADSK) last released 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. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on ADSK shares. Morgan Stanley boosted their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Barclays increased their price target 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. KeyCorp lifted their target price on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $333.45.

Autodesk 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.