Curbstone Financial Management Corp Sells 40 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Curbstone Financial Management Corp cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,770 shares of the software company’s stock after selling 40 shares during the quarter. Curbstone Financial Management Corp’s holdings in Autodesk were worth $2,297,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ADSK. Algert Global LLC acquired a new stake in Autodesk during the second quarter worth approximately $579,000. Creative Planning increased its stake in shares of Autodesk by 5.3% during the second quarter. Creative Planning now owns 37,659 shares of the software company’s stock worth $9,319,000 after purchasing an additional 1,900 shares during the period. NewEdge Advisors LLC lifted its holdings in Autodesk by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 14,023 shares of the software company’s stock worth $3,470,000 after purchasing an additional 590 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Autodesk by 202.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,353 shares of the software company’s stock valued at $582,000 after buying an additional 1,576 shares in the last quarter. Finally, Advisory Alpha LLC increased its position in Autodesk by 23.7% during the 2nd quarter. Advisory Alpha LLC now owns 1,911 shares of the software company’s stock worth $473,000 after buying an additional 366 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $299.07 on Tuesday. The business has a 50 day moving average of $299.42 and a 200-day moving average of $277.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a market capitalization of $64.30 billion, a P/E ratio of 59.34, a P/E/G ratio of 3.55 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on ADSK shares. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price target for the company from $280.00 to $400.00 in a research note on Tuesday. 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. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company lifted their price objective on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $331.50.

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.