Maryland State Retirement & Pension System Sells 771 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Maryland State Retirement & Pension System reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,505 shares of the software company’s stock after selling 771 shares during the period. Maryland State Retirement & Pension System’s holdings in Autodesk were worth $3,401,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its stake in Autodesk by 100.0% in the 4th 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 raised its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the fourth quarter worth $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk in the fourth quarter worth $39,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADSK has been the topic of a number of recent research reports. Citigroup dropped their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Macquarie reissued an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. UBS Group boosted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. DA Davidson upped their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Finally, Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their price target for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Price Performance

Shares of Autodesk stock opened at $268.30 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a fifty day moving average of $286.92 and a 200-day moving average of $287.69. The stock has a market capitalization of $57.15 billion, a price-to-earnings ratio of 53.23, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

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.