Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 14.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 72,526 shares of the software company's stock after selling 12,368 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Autodesk were worth $21,437,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Autodesk during the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its position in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after buying an additional 50 shares during the last quarter. Addison Advisors LLC increased its stake in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after buying an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new position in Autodesk during the 4th quarter worth $37,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Autodesk in the 4th quarter worth $39,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADSK. Macquarie reiterated an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Hsbc Global Res lowered Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Citigroup reduced their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Bank of America upped their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird decreased their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $336.29.

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Autodesk Stock Up 0.7 %

NASDAQ ADSK traded up $1.94 during trading hours on Monday, hitting $269.19. The company had a trading volume of 1,660,352 shares, compared to its average volume of 1,592,927. The firm's 50 day moving average is $285.68 and its 200 day moving average is $288.17. 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 fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market capitalization of $57.34 billion, a price-to-earnings ratio of 53.41, a P/E/G ratio of 2.94 and a beta of 1.51.

Autodesk Company 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.