Curbstone Financial Management Corp lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.8% during the 1st quarter, HoldingsChannel reports. The firm owned 10,680 shares of the software company’s stock after selling 900 shares during the period. Curbstone Financial Management Corp’s holdings in Autodesk were worth $2,960,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC purchased a new stake in Autodesk during the 4th quarter valued at about $30,000. Manchester Financial Inc. grew its position in shares of Autodesk by 76.6% in the fourth quarter. Manchester Financial Inc. now owns 113 shares of the software company’s stock valued at $35,000 after purchasing an additional 49 shares in the last quarter. Kistler Tiffany Companies LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $35,000. Newfound Research LLC purchased a new position in Autodesk during the fourth quarter worth approximately $43,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Autodesk during the fourth quarter worth approximately $47,000. 89.41% of the stock is owned by institutional investors and hedge funds.
Shares of ADSK stock traded up $7.88 on Thursday, hitting $294.00. The stock had a trading volume of 22,648 shares, compared to its average volume of 1,460,586. The company has a debt-to-equity ratio of 23.62, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $64.56 billion, a P/E ratio of 149.02, a P/E/G ratio of 3.64 and a beta of 1.44. Autodesk, Inc. has a 1 year low of $149.46 and a 1 year high of $321.13. The company’s 50 day moving average price is $276.94 and its 200-day moving average price is $274.24.
In other Autodesk news, CEO Andrew Anagnost sold 24,031 shares of the company’s stock in a transaction dated Wednesday, March 24th. The stock was sold at an average price of $264.03, for a total transaction of $6,344,904.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Fronzo Pascal W. Di sold 3,790 shares of the company’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $268.91, for a total value of $1,019,168.90. The disclosure for this sale can be found here. Insiders sold a total of 64,232 shares of company stock worth $17,126,155 in the last quarter. Company insiders own 0.14% of the company’s stock.
ADSK has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Autodesk in a research note on Thursday, January 21st. They set a “sell” rating and a $270.00 price objective on the stock. Barclays boosted their price objective on Autodesk from $324.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, February 26th. Stifel Nicolaus boosted their price objective on Autodesk from $285.00 to $342.00 and gave the stock a “buy” rating in a research note on Tuesday, February 9th. Mizuho boosted their price objective on Autodesk from $290.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, December 16th. Finally, Oppenheimer reissued a “hold” rating on shares of Autodesk in a research note on Tuesday, February 2nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. Autodesk has a consensus rating of “Hold” and a consensus price target of $287.17.
Autodesk, Inc operates as a software design and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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