Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 662,030 shares of the software company’s stock after selling 18,790 shares during the period. Primecap Management Co. CA owned about 0.31% of Autodesk worth $195,676,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp boosted its holdings in shares of Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares during the period. FMR LLC boosted its holdings in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock valued at $1,557,454,000 after buying an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after purchasing an additional 61,785 shares during the last quarter. Principal Financial Group Inc. lifted its position in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares during the last quarter. Finally, Starboard Value LP bought a new stake in Autodesk in the 3rd quarter valued at about $510,189,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ADSK. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Morgan Stanley lifted their price objective on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. DA Davidson lifted their price objective on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Finally, Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Performance

Shares of ADSK opened at $260.62 on Tuesday. The company’s 50 day moving average price is $288.10 and its 200 day moving average price is $287.82. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a market capitalization of $55.51 billion, a PE ratio of 51.71, a PEG ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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.