Autodesk, Inc. (NASDAQ:ADSK) Position Reduced by Whittier Trust Co.

Whittier Trust Co. reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,674 shares of the software company’s stock after selling 513 shares during the period. Whittier Trust Co.’s holdings in Autodesk were worth $495,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC grew its holdings in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC raised its position in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Autodesk in the 4th quarter worth about $37,000. Finally, Sierra Ocean LLC acquired a new stake in Autodesk during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.2 %

ADSK stock opened at $267.25 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day moving average of $285.99 and a two-hundred day moving average of $287.82. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 53.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Scotiabank lowered their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, DA Davidson boosted their target price on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.