Trillium Asset Management LLC Cuts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Trillium Asset Management LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,789 shares of the software company's stock after selling 1,754 shares during the quarter. Trillium Asset Management LLC's holdings in Autodesk were worth $10,873,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. FMR LLC raised its holdings in Autodesk by 0.8% during the third quarter. FMR LLC now owns 5,653,602 shares of the software company's stock worth $1,557,454,000 after purchasing an additional 46,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Autodesk by 2.7% during the third 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 worth $657,292,000 after purchasing an additional 61,785 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Finally, Starboard Value LP acquired a new stake in Autodesk during the third quarter worth approximately $510,189,000. Institutional investors and hedge funds own 90.24% of the company's stock.

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Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Morgan Stanley lifted their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Scotiabank cut their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, UBS Group lifted their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and a consensus price target of $336.29.

Autodesk Price Performance

Shares of NASDAQ ADSK traded down $0.57 during trading on Friday, hitting $267.25. 2,014,212 shares of the company were exchanged, compared to its average volume of 1,592,655. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 53.03, a PEG 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. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The firm's fifty day moving average price is $285.99 and its 200 day moving average price is $287.82.

About Autodesk

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.