Burney Co. Sells 305 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Burney Co. cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,916 shares of the software company’s stock after selling 305 shares during the period. Burney Co.’s holdings in Autodesk were worth $12,389,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Livelsberger Financial Advisory purchased a new position in Autodesk in the third quarter worth about $27,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new stake in Autodesk in the third quarter worth $28,000. Central Pacific Bank Trust Division purchased a new position in Autodesk during the fourth quarter worth $37,000. Finally, Wolff Wiese Magana LLC increased its position in Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after acquiring an additional 145 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADSK has been the subject of several analyst reports. BMO Capital Markets raised their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Stifel Nicolaus boosted their target price on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, UBS Group initiated 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. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.05.

Autodesk Trading Up 2.5 %

Shares of NASDAQ ADSK opened at $294.14 on Wednesday. The stock has a market capitalization of $63.24 billion, a P/E ratio of 58.36, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $301.26 and a 200 day moving average price of $274.86. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

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

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.