PNC Financial Services Group Inc. Has $27.22 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

PNC Financial Services Group Inc. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,081 shares of the software company’s stock after selling 2,690 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Autodesk were worth $27,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADSK. Concurrent Investment Advisors LLC boosted its stake in Autodesk by 8.1% in the third quarter. Concurrent Investment Advisors LLC now owns 2,578 shares of the software company’s stock worth $710,000 after purchasing an additional 194 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Autodesk by 12.6% in 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. Summit Global Investments boosted its stake in Autodesk by 321.0% in the third quarter. Summit Global Investments now owns 3,675 shares of the software company’s stock worth $1,012,000 after purchasing an additional 2,802 shares in the last quarter. Verdence Capital Advisors LLC acquired a new position in Autodesk in the third quarter worth $230,000. Finally, Assetmark Inc. boosted its stake in Autodesk by 282.0% in the third quarter. Assetmark Inc. now owns 531 shares of the software company’s stock worth $146,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Macquarie restated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Citigroup dropped their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, 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. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Down 0.2 %

Shares of Autodesk stock opened at $259.75 on Monday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The business has a 50-day moving average of $293.21 and a two-hundred day moving average of $287.95. The company has a market capitalization of $55.85 billion, a P/E ratio of 51.54, 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.

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.