Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Investment House LLC

Investment House LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,030 shares of the software company’s stock after selling 395 shares during the quarter. Autodesk accounts for about 1.0% of Investment House LLC’s holdings, making the stock its 26th biggest holding. Investment House LLC’s holdings in Autodesk were worth $18,630,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ADSK. Principal Financial Group Inc. raised its holdings 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 valued at $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Empowered Funds LLC raised its holdings in Autodesk by 26.0% in the third quarter. Empowered Funds LLC now owns 4,743 shares of the software company’s stock valued at $1,307,000 after acquiring an additional 979 shares in the last quarter. Claro Advisors LLC acquired a new stake in Autodesk in the third quarter valued at approximately $387,000. Thrivent Financial for Lutherans raised its holdings in Autodesk by 101.6% in the third quarter. Thrivent Financial for Lutherans now owns 180,394 shares of the software company’s stock valued at $49,696,000 after acquiring an additional 90,913 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Autodesk in the third quarter valued at approximately $760,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $259.95 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a fifty day moving average price of $287.48 and a 200 day moving average price of $287.83. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a market cap 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

Several equities analysts have commented on the stock. UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating 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. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Morgan Stanley increased their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company increased their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Seven 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 has a consensus rating of “Moderate Buy” and an average price target of $336.29.

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.