Sustainable Growth Advisers LP trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,941,508 shares of the software company's stock after selling 484,406 shares during the quarter. Autodesk comprises approximately 2.9% of Sustainable Growth Advisers LP's portfolio, making the stock its 16th largest holding. Sustainable Growth Advisers LP owned approximately 0.90% of Autodesk worth $573,852,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after buying an additional 288,931 shares during the period. FMR LLC raised its position in shares of Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock valued at $1,557,454,000 after buying an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company's stock valued at $657,292,000 after purchasing an additional 61,785 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after purchasing an additional 245,816 shares during the last quarter. Finally, Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter valued at approximately $510,189,000. 90.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Wells Fargo & Company lifted their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Barclays lifted their target price on shares of Autodesk from $355.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Finally, Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $338.43.
Check Out Our Latest Report on ADSK
Autodesk Price Performance
Shares of ADSK opened at $251.85 on Thursday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The stock has a market cap of $53.64 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 current ratio of 0.65 and a quick ratio of 0.65. The firm has a fifty day moving average price of $290.46 and a 200 day moving average price of $287.65.
Autodesk Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Autodesk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Autodesk wasn't on the list.
While Autodesk currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
