Northwest & Ethical Investments L.P. Sells 12,368 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Northwest & Ethical Investments L.P. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,526 shares of the software company’s stock after selling 12,368 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Autodesk were worth $21,437,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% in the fourth 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 increased its holdings in shares of Autodesk by 157.4% in the fourth 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 bought a new stake in shares of Autodesk in the fourth quarter worth about $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the fourth quarter worth approximately $39,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $268.30 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $286.92 and its 200-day simple moving average is $287.69. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $57.15 billion, a PE ratio of 53.23, a PEG ratio of 2.94 and a beta of 1.51.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADSK. Rosenblatt Securities reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. BMO Capital Markets boosted their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. UBS Group boosted their price objective on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Bank of America boosted their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

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.