Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 351,355 shares of the software company’s stock after selling 21,730 shares during the quarter. Parnassus Investments LLC owned approximately 0.16% of Autodesk worth $103,850,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC lifted its stake in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after acquiring an additional 35 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust increased its holdings in Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares during the last quarter. Journey Strategic Wealth LLC raised its position in shares of Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after purchasing an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Wells Fargo & Company boosted their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Stifel Nicolaus cut their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Finally, Morgan Stanley upped their price objective on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Stock Performance

Shares of ADSK stock opened at $246.93 on Friday. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 48.99, 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. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The business has a 50 day simple moving average of $289.53 and a 200 day simple moving average of $287.37.

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.