Corient Private Wealth LLC Has $15.52 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Corient Private Wealth LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 52,513 shares of the software company’s stock after selling 676 shares during the period. Corient Private Wealth LLC’s holdings in Autodesk were worth $15,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Starboard Value LP bought a new stake in Autodesk in the 3rd quarter valued at $510,189,000. China Universal Asset Management Co. Ltd. raised its stake in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after acquiring an additional 5,365 shares during the period. Brookstone Capital Management raised its stake in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after acquiring an additional 26,768 shares during the period. Erste Asset Management GmbH bought a new stake in Autodesk in the 3rd quarter valued at $20,087,000. Finally, Bank of Montreal Can raised its stake in Autodesk by 8.7% in the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after acquiring an additional 73,363 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADSK. Morgan Stanley increased their price target on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Robert W. Baird lowered their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Stifel Nicolaus lowered their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Barclays increased their price objective on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Performance

NASDAQ:ADSK opened at $268.30 on Thursday. The stock’s 50-day simple moving average is $286.92 and its 200 day simple moving average is $287.69. The firm has a market capitalization of $57.15 billion, a PE ratio of 53.23, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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.