Chevy Chase Trust Holdings LLC Has $33.51 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Chevy Chase Trust Holdings LLC lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,364 shares of the software company’s stock after selling 2,690 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Autodesk were worth $33,507,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jag Capital Management LLC acquired a new position in shares of Autodesk during the third quarter valued at $13,861,000. LMR Partners LLP bought a new stake in Autodesk in the third quarter valued at about $12,643,000. Starboard Value LP bought a new stake in Autodesk in the third quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. increased its holdings in Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.3 %

NASDAQ:ADSK opened at $302.72 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $65.08 billion, a PE ratio of 60.06, a PEG ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a 50-day simple moving average of $299.54 and a 200 day simple moving average of $282.88.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on ADSK shares. Citigroup upped their price objective on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. UBS Group started coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective for the company. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Stifel Nicolaus increased their price target on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.77.

About Autodesk

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.