GLOBALT Investments LLC GA Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

GLOBALT Investments LLC GA lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,116 shares of the software company’s stock after selling 145 shares during the period. GLOBALT Investments LLC GA’s holdings in Autodesk were worth $2,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in Autodesk in the fourth quarter worth $25,000. Tradewinds Capital Management LLC boosted its position in 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 boosted its position in 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 valued at $37,000. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research reports. Rosenblatt Securities restated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Robert W. Baird lowered their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus lowered their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. KeyCorp boosted their target price on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, HSBC lowered 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. Seven 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, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $254.43 on Monday. The firm has a market capitalization of $54.19 billion, a P/E ratio of 50.48, a P/E/G ratio of 2.94 and a beta of 1.51. 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 stock’s 50-day simple moving average is $288.74 and its two-hundred day simple moving average is $287.80. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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.