Wilkins Investment Counsel Inc. Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Wilkins Investment Counsel Inc. lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,360 shares of the software company’s stock after selling 700 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Autodesk were worth $1,289,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Starboard Value LP purchased a new stake in Autodesk in the third quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. lifted its stake in Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares during the last quarter. Brookstone Capital Management lifted its stake in Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Autodesk in the third quarter valued at approximately $20,087,000. Finally, Bank of Montreal Can lifted its stake in Autodesk by 8.7% in the third quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after buying an additional 73,363 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 3.2 %

Shares of NASDAQ:ADSK opened at $268.30 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock’s fifty day simple moving average is $286.92 and its 200-day simple moving average is $287.69. The company has a market capitalization of $57.15 billion, a P/E ratio of 53.23, a P/E/G ratio of 2.94 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADSK. UBS Group boosted their target price on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. BMO Capital Markets boosted their target price on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Barclays boosted their target price on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Macquarie reissued an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Finally, Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.