Thrivent Financial for Lutherans Lowers Stake in Autodesk, Inc. (NASDAQ:ADSK)

Thrivent Financial for Lutherans cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 163,498 shares of the software company’s stock after selling 16,896 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Autodesk were worth $48,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its holdings in 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 purchasing an additional 50 shares during the period. Addison Advisors LLC grew its holdings 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 purchasing an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Autodesk in the fourth quarter valued at approximately $37,000. Finally, Sierra Ocean LLC purchased a new stake in Autodesk in the fourth quarter valued at approximately $39,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADSK. Citigroup lowered their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. UBS Group boosted their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Finally, Robert W. Baird decreased their price objective on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Trading Up 3.2 %

ADSK opened at $268.30 on Thursday. The stock has a market capitalization of $57.15 billion, a PE ratio of 53.23, a P/E/G ratio of 2.94 and a beta of 1.51. The firm’s fifty day moving average price is $286.92 and its 200 day moving average price is $287.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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.