Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Cypress Capital Group

Cypress Capital Group reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC grew its holdings in Autodesk by 1.9% during 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 during the period. Y.D. More Investments Ltd grew its holdings in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after acquiring an additional 35 shares during the period. Grove Bank & Trust grew its holdings in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after acquiring an additional 37 shares during the period. Journey Strategic Wealth LLC grew its holdings in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 0.1 %

ADSK opened at $267.24 on Thursday. The business has a 50 day moving average price of $294.76 and a 200 day moving average price of $287.56. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $57.46 billion, a P/E ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of analyst reports. Scotiabank initiated coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. Barclays lifted their price target on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Oppenheimer lifted their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Seven investment 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, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Company 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.