Stevens Capital Management LP Trims Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Stevens Capital Management LP lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 64.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,076 shares of the software company’s stock after selling 3,790 shares during the period. Stevens Capital Management LP’s holdings in Autodesk were worth $505,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its holdings in Autodesk by 86.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after purchasing an additional 4,381 shares during the period. CWA Asset Management Group LLC acquired a new position in Autodesk in the third quarter worth $330,000. abrdn plc boosted its holdings in Autodesk by 26.2% in the fourth quarter. abrdn plc now owns 460,759 shares of the software company’s stock worth $112,186,000 after purchasing an additional 95,723 shares during the period. Louisiana State Employees Retirement System acquired a new position in Autodesk in the fourth quarter worth $7,280,000. Finally, International Assets Investment Management LLC boosted its holdings in Autodesk by 3,539.1% in the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock worth $55,370,000 after purchasing an additional 221,161 shares during the period. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ADSK. Stifel Nicolaus reaffirmed a “buy” rating and issued a $316.00 price objective on shares of Autodesk in a report on Friday, April 12th. Oppenheimer raised their target price on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. BMO Capital Markets raised their target price on Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Autodesk in a research note on Monday, April 1st. Finally, StockNews.com upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Autodesk Price Performance

Shares of NASDAQ ADSK traded up $1.40 during trading on Thursday, hitting $216.40. The company had a trading volume of 2,211,434 shares, compared to its average volume of 1,472,260. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. The business’s 50-day moving average is $249.24 and its 200 day moving average is $235.39. The company has a market cap of $46.29 billion, a P/E ratio of 51.07, a PEG ratio of 3.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (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 analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. Equities research analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $409,507.12. Following the completion of the sale, the executive vice president now directly owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The disclosure for this sale can be found here. Insiders have sold 36,166 shares of company stock worth $9,465,055 over the last 90 days. 0.14% of the stock is owned by company insiders.

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.