Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,378 shares of the software company's stock after selling 2,133 shares during the period. Commonwealth Equity Services LLC's holdings in Autodesk were worth $7,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in Autodesk during the 4th quarter worth approximately $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 worth $30,000 after purchasing an additional 50 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new position in Autodesk in the 4th quarter valued at $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADSK. BMO Capital Markets raised their target price 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. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Rosenblatt Securities reissued a "buy" rating and set a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Stifel Nicolaus reduced their price target on Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, UBS Group increased their price objective on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $336.29.

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Autodesk Price Performance

Autodesk stock traded up $1.94 during mid-day trading on Monday, hitting $269.19. 1,660,352 shares of the company were exchanged, compared to its average volume of 1,592,926. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market capitalization of $57.34 billion, a P/E ratio of 53.41, a PEG ratio of 2.94 and a beta of 1.51. The business's 50 day simple moving average is $285.99 and its two-hundred day simple moving average is $288.05. 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 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.