B. Metzler seel. Sohn & Co. AG reduced its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,539 shares of the software company’s stock after selling 2,283 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Autodesk were worth $7,859,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Autodesk by 2.2% in the third quarter. Vanguard Group Inc. now owns 21,414,239 shares of the software company’s stock worth $6,802,661,000 after acquiring an additional 450,724 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Autodesk by 18.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,544,520 shares of the software company’s stock worth $1,125,988,000 after acquiring an additional 564,136 shares in the last quarter. Amundi increased its position in shares of Autodesk by 3.0% in the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock worth $881,704,000 after acquiring an additional 79,171 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Autodesk by 0.4% during the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock worth $799,792,000 after purchasing an additional 10,169 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Autodesk by 4.1% during the third quarter. Legal & General Group Plc now owns 2,019,358 shares of the software company’s stock worth $641,489,000 after purchasing an additional 80,246 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.
Autodesk Price Performance
NASDAQ ADSK opened at $231.98 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $48.95 billion, a PE ratio of 44.27, a price-to-earnings-growth ratio of 1.64 and a beta of 1.43. The company has a 50 day moving average price of $240.07 and a two-hundred day moving average price of $271.90. Autodesk, Inc. has a 12-month low of $214.10 and a 12-month high of $329.09.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ADSK. BTIG Research decreased their price target on shares of Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. DA Davidson decreased their price target on shares of Autodesk from $375.00 to $325.00 and set a “buy” rating for the company in a report on Friday, February 27th. Argus upgraded shares of Autodesk to a “strong-buy” rating in a report on Friday, March 6th. BMO Capital Markets decreased their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $335.93.
Read Our Latest Stock Report on Autodesk
Autodesk Company Profile
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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