Natixis Advisors LLC Sells 44,013 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Natixis Advisors LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 468,173 shares of the software company’s stock after selling 44,013 shares during the quarter. Natixis Advisors LLC owned about 0.22% of Autodesk worth $138,378,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Autodesk in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC lifted its holdings in 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 purchasing an additional 50 shares during the last quarter. Addison Advisors LLC lifted its holdings in 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 purchasing an additional 74 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Autodesk in the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new stake in Autodesk in the 4th quarter worth approximately $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 3.0 %

NASDAQ:ADSK opened at $254.43 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $54.19 billion, a PE ratio of 50.48, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a 50-day simple moving average of $288.74 and a 200 day simple moving average of $287.36.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ADSK. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. BMO Capital Markets upped their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Macquarie restated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and upped their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Robert W. Baird cut their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $338.43.

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.