Norden Group LLC Lowers Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Norden Group LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,890 shares of the software company’s stock after selling 90 shares during the quarter. Norden Group LLC’s holdings in Autodesk were worth $1,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the fourth quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new position in Autodesk in the 3rd quarter worth $28,000. Tradewinds Capital Management LLC increased its stake in Autodesk by 100.0% in 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 raised its holdings in Autodesk by 157.4% during 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. Finally, Central Pacific Bank Trust Division bought a new stake in Autodesk during the fourth quarter valued at about $37,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ADSK shares. Robert W. Baird cut their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a report on Friday, November 29th. Barclays boosted their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday. DA Davidson upped their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Mizuho upgraded 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 report on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Performance

NASDAQ:ADSK opened at $274.23 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $296.63 and its 200 day moving average is $287.42. The firm has a market capitalization of $58.96 billion, a PE ratio of 54.41, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

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.