Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 10.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,227 shares of the software company’s stock after selling 259 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Autodesk were worth $658,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent analyst reports. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Robert W. Baird lowered their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company upped their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Barclays boosted their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Stock Down 1.7 %

ADSK opened at $267.43 on Wednesday. The firm has a 50 day moving average price of $295.44 and a 200 day moving average price of $287.71. The company has a market cap of $57.50 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year 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.

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.