Fidelis Capital Partners LLC Sells 221 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Fidelis Capital Partners LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 12.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,561 shares of the software company’s stock after selling 221 shares during the period. Fidelis Capital Partners LLC’s holdings in Autodesk were worth $478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Jag Capital Management LLC purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $13,861,000. LMR Partners LLP purchased a new position in shares of Autodesk in the 3rd quarter worth about $12,643,000. Starboard Value LP bought a new position in Autodesk in the 3rd quarter worth about $510,189,000. China Universal Asset Management Co. Ltd. grew its position in Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management increased its stake in Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $267.43 on Wednesday. The firm has a market cap of $57.50 billion, a price-to-earnings ratio of 53.06, a P/E/G ratio of 2.94 and a beta of 1.43. The firm has a fifty day moving average price of $295.44 and a 200 day moving average price of $287.71. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ADSK shares. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. KeyCorp upped their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. BMO Capital Markets lifted their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. 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, Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.