Summit Global Investments Sells 73 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Summit Global Investments reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,602 shares of the software company’s stock after selling 73 shares during the quarter. Summit Global Investments’ holdings in Autodesk were worth $1,065,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ADSK. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC boosted its position in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares during the period. Addison Advisors LLC boosted its position in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the fourth quarter valued at approximately $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk in the fourth quarter valued at approximately $39,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 0.2 %

Shares of Autodesk stock opened at $267.25 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 53.03, a P/E/G ratio of 2.94 and a beta of 1.51. The company’s 50 day moving average price is $285.99 and its 200-day moving average price is $287.82.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent analyst reports. DA Davidson raised their target price on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. 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 investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Autodesk presently 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.