Autodesk, Inc. (NASDAQ:ADSK) Position Decreased by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,075 shares of the software company’s stock after selling 353 shares during the quarter. New York Life Investment Management LLC’s holdings in Autodesk were worth $9,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk in the third quarter worth $28,000. Tradewinds Capital Management LLC grew its holdings in shares of 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 in the last quarter. Addison Advisors LLC boosted its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in Autodesk during the 4th quarter worth about $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADSK. KeyCorp increased their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup cut their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Finally, Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.45.

Autodesk Trading Down 1.2 %

Shares of NASDAQ:ADSK opened at $282.35 on Friday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $60.71 billion, a P/E ratio of 56.02, a P/E/G ratio of 2.94 and a beta of 1.43. The stock’s 50-day moving average is $297.11 and its 200-day moving average is $286.59.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $1.33 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.