AlphaQuest LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 39.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,666 shares of the software company's stock after selling 1,092 shares during the period. AlphaQuest LLC's holdings in Autodesk were worth $492,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter worth $25,000. Tradewinds Capital Management LLC raised its stake in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Addison Advisors LLC raised its stake in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the fourth quarter valued at about $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk during the fourth quarter valued at about $39,000. 90.24% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
ADSK has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Citigroup lowered their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Hsbc Global Res downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. Robert W. Baird lowered their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Finally, Barclays upped their price objective on shares of Autodesk from $355.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $338.43.
View Our Latest Research Report on Autodesk
Autodesk Price Performance
Shares of ADSK opened at $251.85 on Thursday. The stock has a market cap of $54.15 billion, a PE ratio of 49.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm's 50-day simple moving average is $290.46 and its two-hundred day simple moving average is $287.65.
Autodesk Company Profile
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Free Report)
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.
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