Triangle Securities Wealth Management Sells 131 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Triangle Securities Wealth Management decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,470 shares of the software company’s stock after selling 131 shares during the period. Triangle Securities Wealth Management’s holdings in Autodesk were worth $1,321,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC increased its position in Autodesk by 376.3% during the 2nd quarter. Intech Investment Management LLC now owns 51,592 shares of the software company’s stock valued at $12,766,000 after purchasing an additional 40,760 shares during the period. Ieq Capital LLC raised its position in shares of Autodesk by 2.4% in the 2nd quarter. Ieq Capital LLC now owns 18,288 shares of the software company’s stock worth $4,525,000 after acquiring an additional 421 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Autodesk by 28.6% in the 2nd quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock valued at $329,000 after purchasing an additional 295 shares during the period. Pacer Advisors Inc. boosted its position in shares of Autodesk by 2.7% during the 2nd quarter. Pacer Advisors Inc. now owns 36,780 shares of the software company’s stock valued at $9,101,000 after purchasing an additional 978 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Autodesk by 8.3% during the second quarter. Thrivent Financial for Lutherans now owns 89,481 shares of the software company’s stock worth $22,142,000 after purchasing an additional 6,871 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction 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 sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Autodesk Price Performance

Autodesk stock opened at $291.45 on Friday. 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 one year low of $195.32 and a one year high of $326.62. The firm has a market capitalization of $62.66 billion, a P/E ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42. The business has a fifty day moving average price of $300.44 and a 200-day moving average price of $275.39.

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, topping analysts’ consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank began coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target on the stock. Barclays increased their target price 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. KeyCorp lifted their price target on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research report on Friday, November 29th. Finally, Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $326.05.

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.