Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,092 shares of the software company’s stock after selling 221 shares during the quarter. Metis Global Partners LLC’s holdings in Autodesk were worth $4,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the fourth quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the 3rd quarter worth approximately $28,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC boosted its position in Autodesk by 157.4% in the 4th 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. Finally, Central Pacific Bank Trust Division purchased a new position in Autodesk in the 4th quarter valued at approximately $37,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Down 2.9 %

NASDAQ:ADSK opened at $274.23 on Friday. The company has a market capitalization of $58.96 billion, a PE ratio of 54.41, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock’s 50 day moving average price is $296.63 and its 200 day moving average price is $287.13. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Ratings Changes

ADSK has been the topic of several analyst reports. Citigroup reduced their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Scotiabank initiated coverage on shares of Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price on the stock. Finally, Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.