PNC Financial Services Group Inc. Sells 2,690 Shares of Autodesk, Inc. (NASDAQ:ADSK)

PNC Financial Services Group Inc. lowered its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,081 shares of the software company's stock after selling 2,690 shares during the period. PNC Financial Services Group Inc.'s holdings in Autodesk were worth $27,216,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its holdings in shares of Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after acquiring an additional 35 shares in the last quarter. Y.D. More Investments Ltd lifted its position in Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after acquiring an additional 35 shares during the last quarter. Grove Bank & Trust grew its position in shares of Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock valued at $130,000 after purchasing an additional 37 shares during the last quarter. Journey Strategic Wealth LLC increased its stake in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

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Autodesk Trading Down 2.0 %

Shares of ADSK stock traded down $4.92 on Thursday, hitting $246.93. The company had a trading volume of 1,498,193 shares, compared to its average volume of 1,585,496. The stock's 50-day moving average is $290.46 and its two-hundred day moving average is $287.65. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a market cap of $52.60 billion, a P/E ratio of 48.99, a P/E/G 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.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ADSK shares. DA Davidson raised their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Wells Fargo & Company raised their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. KeyCorp upped their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. HSBC downgraded Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price 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 price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $338.43.

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.