Cullen Frost Bankers Inc. Acquires 39 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Cullen Frost Bankers Inc. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,081 shares of the software company’s stock after acquiring an additional 39 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Autodesk were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the last quarter. FMR LLC lifted its position in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after purchasing an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Autodesk by 2.7% in 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 purchasing an additional 61,785 shares during the period. Principal Financial Group Inc. lifted its position in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Starboard Value LP acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $510,189,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

ADSK opened at $259.75 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average price is $293.21 and its two-hundred day moving average price is $287.69. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a market cap of $55.85 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.94 and a beta of 1.51.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Macquarie restated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Morgan Stanley boosted their price target on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.