Suntrust Banks Inc. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,730 shares of the software company’s stock after selling 314 shares during the period. Suntrust Banks Inc.’s holdings in Autodesk were worth $2,666,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. First Foundation Advisors bought a new stake in shares of Autodesk during the 4th quarter valued at about $541,000. Brinker Capital Inc. boosted its position in shares of Autodesk by 3.6% during the 4th quarter. Brinker Capital Inc. now owns 59,793 shares of the software company’s stock valued at $7,690,000 after purchasing an additional 2,088 shares in the last quarter. L & S Advisors Inc boosted its position in shares of Autodesk by 1.3% during the 4th quarter. L & S Advisors Inc now owns 5,577 shares of the software company’s stock valued at $717,000 after purchasing an additional 70 shares in the last quarter. Mackay Shields LLC bought a new stake in shares of Autodesk during the 4th quarter valued at about $4,946,000. Finally, Mosaic Family Wealth LLC boosted its position in shares of Autodesk by 27.7% during the 4th quarter. Mosaic Family Wealth LLC now owns 373 shares of the software company’s stock valued at $48,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.
Several equities research analysts recently commented on the company. Evercore ISI restated a “buy” rating and set a $190.00 target price on shares of Autodesk in a research report on Thursday. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Wedbush reaffirmed a “neutral” rating and set a $163.00 price target on shares of Autodesk in a research note on Thursday. Griffin Securities reaffirmed a “buy” rating and set a $188.00 price target (up from $175.00) on shares of Autodesk in a research note on Friday, March 1st. Finally, BidaskClub downgraded Autodesk from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $170.13.
Shares of Autodesk stock opened at $154.22 on Monday. The company has a market capitalization of $33.78 billion, a PE ratio of 1,402.00, a P/E/G ratio of 2.27 and a beta of 1.94. Autodesk, Inc. has a 52 week low of $117.72 and a 52 week high of $169.05.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 28th. The software company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. During the same period in the previous year, the company earned ($0.09) earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 1.76 EPS for the current year.
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Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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