Oregon Public Employees Retirement Fund Sells 56 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Oregon Public Employees Retirement Fund lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,431 shares of the software company’s stock after selling 56 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Autodesk were worth $5,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new position in shares of Autodesk in the fourth quarter valued at $25,000. Concord Wealth Partners purchased a new position in shares of Autodesk in the third quarter valued at $28,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk in the third quarter valued at $28,000. Tradewinds Capital Management LLC grew its holdings in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday. Bank of America lifted their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. BMO Capital Markets lifted their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Barclays lifted their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Macquarie assumed coverage on shares of Autodesk in a research note on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $334.45.

Autodesk Stock Up 0.7 %

NASDAQ:ADSK opened at $285.67 on Thursday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a 50-day moving average of $297.33 and a 200 day moving average of $286.62. The firm has a market cap of $61.42 billion, a PE ratio of 56.68, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. 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 (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.