Cullen Frost Bankers Inc. Purchases 39 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Cullen Frost Bankers Inc. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,081 shares of the software company’s stock after acquiring an additional 39 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Autodesk were worth $320,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADSK. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth $25,000. Transcendent Capital Group LLC bought a new position in Autodesk during the third quarter valued at about $28,000. Tradewinds Capital Management LLC grew its position in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares during the period. Addison Advisors LLC grew its position 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 buying an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in Autodesk during the fourth quarter valued at about $37,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADSK. Barclays increased their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research report on Friday, November 29th. Rosenblatt Securities restated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. UBS Group increased their price target 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. Finally, Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Trading Down 0.2 %

Shares of Autodesk stock opened at $259.75 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $55.85 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $293.21 and its 200-day moving average price is $287.69.

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.