Victory Capital Management Inc. Sells 25,451 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Victory Capital Management Inc. cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,006 shares of the software company’s stock after selling 25,451 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of Autodesk worth $93,106,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk in the 3rd quarter worth about $28,000. Tradewinds Capital Management LLC increased its stake in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Autodesk by 157.4% in 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 in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the 4th quarter worth about $37,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $260.39 on Friday. The firm’s 50-day moving average price is $293.97 and its 200-day moving average price is $287.37. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $55.98 billion, a PE ratio of 51.66, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADSK. Wells Fargo & Company increased 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 lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. BMO Capital Markets increased their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Macquarie reiterated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Finally, Oppenheimer raised their price objective on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

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.