Thrivent Financial for Lutherans reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,498 shares of the software company's stock after selling 16,896 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Autodesk worth $48,325,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in ADSK. Starboard Value LP bought a new position in shares of Autodesk in the 3rd quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. raised its position in shares of 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 period. Brookstone Capital Management lifted its stake in shares of Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after buying an additional 26,768 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Autodesk in the third quarter worth $20,087,000. Finally, Bank of Montreal Can boosted its holdings in shares of Autodesk by 8.7% during the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company's stock worth $248,385,000 after buying an additional 73,363 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.
Autodesk Price Performance
ADSK stock traded up $1.94 during midday trading on Monday, reaching $269.19. 1,660,352 shares of the company's stock traded hands, compared to its average volume of 1,592,926. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $57.34 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 2.94 and a beta of 1.51. The company has a 50-day simple moving average of $285.99 and a two-hundred day simple moving average of $288.05. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Rosenblatt Securities reissued a "buy" rating and set a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. BMO Capital Markets increased their price objective on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Stifel Nicolaus cut their target price on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, UBS Group upped their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $336.29.
View Our Latest Research Report on Autodesk
About Autodesk
(
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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