Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by PDS Planning Inc

PDS Planning Inc reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,423 shares of the software company’s stock after selling 40 shares during the period. PDS Planning Inc’s holdings in Autodesk were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC increased its stake in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the fourth quarter worth about $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk during the fourth quarter worth about $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK opened at $259.95 on Wednesday. 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 company has a 50-day simple moving average of $287.48 and a 200-day simple moving average of $287.83. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a market capitalization of $55.37 billion, a PE ratio of 51.58, a P/E/G ratio of 2.94 and a beta of 1.51.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADSK. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Scotiabank decreased their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday. KeyCorp upped their price objective on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Morgan Stanley upped their target price on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Oppenheimer upped their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

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.