Natixis Advisors L.P. Sells 16,595 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Natixis Advisors L.P. lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 519,219 shares of the software company’s stock after selling 16,595 shares during the period. Natixis Advisors L.P.’s holdings in Autodesk were worth $126,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of Autodesk during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. purchased a new stake in Autodesk in the 4th quarter worth about $28,000. AdvisorNet Financial Inc lifted its holdings in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after purchasing an additional 57 shares during the last quarter. Operose Advisors LLC bought a new position in Autodesk during the third quarter worth about $35,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $41,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the sale, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,166 shares of company stock valued at $9,465,055. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK traded down $0.47 during midday trading on Thursday, reaching $210.24. The company had a trading volume of 626,879 shares, compared to its average volume of 1,461,795. The business has a 50-day moving average of $245.02 and a two-hundred day moving average of $235.51. The company has a market cap of $45.30 billion, a P/E ratio of 50.05, a P/E/G ratio of 2.93 and a beta of 1.45. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 1 year low of $189.54 and a 1 year high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. As a group, equities research analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ADSK shares. KeyCorp raised their price objective on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Rosenblatt Securities raised their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Barclays boosted their price objective on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Berenberg Bank downgraded Autodesk from a “buy” rating to a “hold” rating and set a $295.00 target price for the company. in a research note on Wednesday. Finally, BMO Capital Markets increased their price target on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Hold” and a consensus target price of $274.67.

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.