Autodesk, Inc. (NASDAQ:ADSK) Stock Position Trimmed by Banco Santander S.A.

Banco Santander S.A. cut its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,555 shares of the software company’s stock after selling 574 shares during the quarter. Banco Santander S.A.’s holdings in Autodesk were worth $12,578,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares during the last quarter. FMR LLC raised its position in shares of Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after buying an additional 46,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 worth $657,292,000 after buying an additional 61,785 shares in the last quarter. Principal Financial Group Inc. raised its position 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 worth $603,947,000 after buying an additional 245,816 shares in the last quarter. Finally, Starboard Value LP bought a new stake in shares of Autodesk during the 3rd quarter worth about $510,189,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 0.2 %

Autodesk stock opened at $259.75 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 firm has a market cap of $55.85 billion, a PE ratio of 51.54, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm’s 50 day moving average price is $293.21 and its two-hundred day moving average price is $287.43.

Analysts Set New Price Targets

A number of research firms have commented on ADSK. Bank of America boosted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. DA Davidson lifted their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Morgan Stanley lifted their price objective 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. Finally, Scotiabank initiated coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company 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.