Commonwealth Equity Services LLC Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Commonwealth Equity Services LLC lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,378 shares of the software company’s stock after selling 2,133 shares during the period. Commonwealth Equity Services LLC’s holdings in Autodesk were worth $7,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Autodesk in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the 4th quarter worth $37,000. Finally, Sierra Ocean LLC purchased a new position in shares of Autodesk during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $267.82 on Friday. The company has a market cap of $57.05 billion, a P/E ratio of 53.14, a P/E/G 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. The stock has a 50-day moving average of $286.35 and a two-hundred day moving average of $287.55. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADSK shares. BMO Capital Markets lifted their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Oppenheimer lifted their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Barclays lifted their price target on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Stifel Nicolaus reduced their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Seven 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 stock currently has an average rating of “Moderate Buy” and a consensus target price 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.