Bridges Investment Management Inc. Has $3.99 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Bridges Investment Management Inc. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,501 shares of the software company’s stock after selling 347 shares during the quarter. Bridges Investment Management Inc.’s holdings in Autodesk were worth $3,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares in the last quarter. FMR LLC increased its stake in Autodesk by 0.8% in the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock valued at $1,557,454,000 after acquiring an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Autodesk by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock worth $657,292,000 after purchasing an additional 61,785 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Starboard Value LP acquired a new stake in Autodesk during the third quarter valued at approximately $510,189,000. 90.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday. Morgan Stanley increased their price objective on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday. Scotiabank began coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. Wells Fargo & Company increased 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. Finally, Rosenblatt Securities reissued a “buy” rating and set a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $274.23 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The stock has a market capitalization of $58.96 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.94 and a beta of 1.43. The business has a 50-day moving average price of $296.63 and a two-hundred day moving average price of $287.13.

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.