PDS Planning Inc Reduces Holdings in Autodesk, Inc. (NASDAQ:ADSK)

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

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on ADSK. Wells Fargo & Company boosted their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Oppenheimer boosted their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. KeyCorp boosted their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Price Performance

NASDAQ ADSK opened at $259.95 on Wednesday. The company has a market cap of $55.37 billion, a PE ratio of 51.58, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $287.48 and its two-hundred day moving average price is $287.83.

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.