Motley Fool Wealth Management LLC Sells 4,691 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Motley Fool Wealth Management LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,160 shares of the software company’s stock after selling 4,691 shares during the period. Autodesk comprises about 1.0% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Motley Fool Wealth Management LLC’s holdings in Autodesk were worth $19,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Tradewinds Capital Management LLC increased 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 valued at $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC raised 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 purchasing an additional 74 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Autodesk in the fourth quarter worth $37,000. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk during the fourth quarter worth $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADSK. Citigroup reduced their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. UBS Group increased 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. BMO Capital Markets boosted their price objective 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. Robert W. Baird decreased their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Finally, Morgan Stanley boosted their target price on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $336.29.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK opened at $273.08 on Wednesday. The stock has a market cap of $58.17 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $285.41 and a 200 day simple moving average of $288.33.

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.