Mission Wealth Management LP Sells 273 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mission Wealth Management LP decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,310 shares of the software company’s stock after selling 273 shares during the period. Mission Wealth Management LP’s holdings in Autodesk were worth $1,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Transcendent Capital Group LLC bought a new stake in Autodesk during the 3rd quarter worth about $28,000. Tradewinds Capital Management LLC raised its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Addison Advisors LLC boosted its holdings in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Autodesk in the fourth quarter valued at $37,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $272.03 on Tuesday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The firm has a market capitalization of $58.49 billion, a price-to-earnings ratio of 53.97, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm’s 50 day simple moving average is $296.12 and its 200 day simple moving average is $287.57.

Analyst Ratings Changes

Several brokerages have recently commented on ADSK. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Robert W. Baird reduced their price objective on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their price target for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday. Seven equities 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $338.43.

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.