Main Street Research LLC Sells 61 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Main Street Research LLC reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,632 shares of the software company’s stock after selling 61 shares during the quarter. Main Street Research LLC’s holdings in Autodesk were worth $4,325,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research analyst reports. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Stifel Nicolaus lowered their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Morgan Stanley increased their price target on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Seven equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Down 0.2 %

ADSK opened at $259.75 on Monday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. 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 firm has a 50 day moving average price of $293.21 and a 200-day moving average price of $287.95. The stock has a market capitalization of $55.85 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.94 and a beta of 1.51.

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.