Stevens Capital Management LP Sells 645 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Stevens Capital Management LP decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 34.5% during the 4th quarter, Holdings Channel reports. The fund owned 1,222 shares of the software company’s stock after selling 645 shares during the quarter. Stevens Capital Management LP’s holdings in Autodesk were worth $361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ADSK. Golden State Wealth Management LLC bought a new position in Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC boosted its stake 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 acquiring an additional 50 shares during the last quarter. Addison Advisors LLC lifted its stake in 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 buying an additional 74 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Autodesk in the fourth quarter valued at approximately $37,000. Finally, Sierra Ocean LLC bought a new position in Autodesk in the fourth quarter valued at approximately $39,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research reports. UBS Group lifted their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Robert W. Baird cut their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Finally, Citigroup cut their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Price Performance

Shares of ADSK opened at $267.25 on Monday. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company’s fifty day simple moving average is $285.99 and its 200 day simple moving average is $288.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.