Natixis Advisors LLC Sells 44,013 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Natixis Advisors LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 8.6% in the fourth quarter, Holdings Channel reports. The firm owned 468,173 shares of the software company’s stock after selling 44,013 shares during the quarter. Natixis Advisors LLC’s holdings in Autodesk were worth $138,378,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC boosted its stake in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares during the period. Addison Advisors LLC boosted its stake in shares of 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. Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new stake in Autodesk during the 4th quarter worth approximately $39,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ADSK shares. Bank of America lifted their price target on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Robert W. Baird dropped their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday, February 28th. KeyCorp lifted their price target on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Morgan Stanley lifted their price objective on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Trading Up 3.0 %

Shares of ADSK stock opened at $254.43 on Friday. The stock has a market cap of $54.19 billion, a price-to-earnings ratio of 50.48, a PEG ratio of 2.94 and a beta of 1.51. The stock has a 50-day moving average of $288.74 and a 200-day moving average of $287.36. 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.

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.