Mission Wealth Management LP Reduces Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Mission Wealth Management LP reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,310 shares of the software company’s stock after selling 273 shares during the period. Mission Wealth Management LP’s holdings in Autodesk were worth $1,865,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. KeyCorp boosted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company upped their target price on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their price target for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Finally, Oppenheimer boosted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Trading Down 0.8 %

Shares of Autodesk stock opened at $272.03 on Tuesday. 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 stock has a market capitalization of $58.49 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a 50-day simple moving average of $296.12 and a 200 day simple moving average of $287.57.

Autodesk Company 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.