Cypress Capital Group Lowers Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Cypress Capital Group reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 27.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952 shares of the software company’s stock after selling 757 shares during the period. Cypress Capital Group’s holdings in Autodesk were worth $577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Farther Finance Advisors LLC lifted its stake in shares of Autodesk by 23.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,071 shares of the software company’s stock valued at $295,000 after purchasing an additional 201 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at about $284,000. Asset Management One Co. Ltd. lifted its stake in shares of Autodesk by 2.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 84,138 shares of the software company’s stock valued at $23,178,000 after purchasing an additional 1,672 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Autodesk by 32.0% in the 3rd quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company’s stock valued at $3,702,000 after purchasing an additional 3,259 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Autodesk by 162.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 538 shares of the software company’s stock valued at $148,000 after purchasing an additional 333 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. DA Davidson boosted their price target on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Robert W. Baird reduced their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. UBS Group boosted their price target on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Finally, KeyCorp boosted their price target on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Trading Down 0.1 %

Shares of ADSK stock opened at $267.24 on Thursday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The firm has a market capitalization of $57.46 billion, a PE ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The stock has a fifty day moving average of $294.76 and a two-hundred day moving average of $287.56. 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.