Oppenheimer Asset Management Inc. Reduces Position in Autodesk, Inc. (NASDAQ:ADSK)

Oppenheimer Asset Management Inc. lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,469 shares of the software company’s stock after selling 504 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Autodesk were worth $3,390,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ADSK. Mn Services Vermogensbeheer B.V. increased its stake in shares of Autodesk by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 84,100 shares of the software company’s stock worth $24,857,000 after buying an additional 1,700 shares during the last quarter. National Pension Service grew its position in shares of Autodesk by 4.8% during the 4th quarter. National Pension Service now owns 659,326 shares of the software company’s stock valued at $194,877,000 after buying an additional 29,924 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in Autodesk by 11.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,081 shares of the software company’s stock worth $615,000 after acquiring an additional 213 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Autodesk by 55.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,693 shares of the software company’s stock valued at $9,072,000 after acquiring an additional 11,005 shares during the period. Finally, Exchange Capital Management Inc. grew its holdings in shares of Autodesk by 3.4% during the fourth quarter. Exchange Capital Management Inc. now owns 2,062 shares of the software company’s stock valued at $609,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company boosted their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Finally, Robert W. Baird decreased their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Price Performance

NASDAQ ADSK opened at $274.23 on Friday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The business’s fifty day moving average is $296.63 and its two-hundred day moving average is $287.13. The stock has a market capitalization of $58.96 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current 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.