Seizert Capital Partners LLC Cuts Position in Autodesk, Inc. (NASDAQ:ADSK)

Seizert Capital Partners LLC lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.2% in the fourth quarter, Holdings Channel reports. The firm owned 32,705 shares of the software company’s stock after selling 59 shares during the period. Seizert Capital Partners LLC’s holdings in Autodesk were worth $9,667,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jag Capital Management LLC purchased a new stake in Autodesk during the third quarter worth approximately $13,861,000. LMR Partners LLP acquired a new position in shares of Autodesk during the 3rd quarter valued at $12,643,000. Starboard Value LP purchased a new stake in Autodesk during the 3rd quarter worth $510,189,000. China Universal Asset Management Co. Ltd. raised its stake in shares of Autodesk by 196.2% during 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 purchasing an additional 5,365 shares during the period. Finally, Brookstone Capital Management boosted its holdings 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 purchasing an additional 26,768 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their target price on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Oppenheimer increased their price objective on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Stifel Nicolaus decreased their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, KeyCorp boosted their price objective on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Trading Down 1.7 %

NASDAQ ADSK opened at $267.43 on Wednesday. The firm has a market cap of $57.50 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The stock has a 50-day moving average of $295.44 and a 200-day moving average of $287.71. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year 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.