Corient Private Wealth LLC Has $15.52 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Corient Private Wealth LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,513 shares of the software company’s stock after selling 676 shares during the quarter. Corient Private Wealth LLC’s holdings in Autodesk were worth $15,520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Starboard Value LP acquired a new position in shares of Autodesk during the 3rd quarter worth about $510,189,000. China Universal Asset Management Co. Ltd. grew its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after buying an additional 5,365 shares during the period. Brookstone Capital Management grew its position in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after buying an additional 26,768 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Autodesk during the 3rd quarter worth about $20,087,000. Finally, Bank of Montreal Can grew its position in shares of Autodesk by 8.7% during the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock worth $248,385,000 after buying an additional 73,363 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADSK. Rosenblatt Securities restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Scotiabank cut their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday. Macquarie reiterated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Wells Fargo & Company lifted their price objective on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Oppenheimer lifted their price objective on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Trading Up 3.2 %

Shares of Autodesk stock opened at $268.30 on Thursday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market cap of $57.15 billion, a P/E ratio of 53.23, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $286.92 and its 200-day moving average is $287.69.

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.