Schechter Investment Advisors LLC Decreases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Schechter Investment Advisors LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,227 shares of the software company’s stock after selling 259 shares during the period. Schechter Investment Advisors LLC’s holdings in Autodesk were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the 3rd quarter valued at approximately $28,000. Tradewinds Capital Management LLC increased its stake in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC increased its stake 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 purchasing an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent analyst reports. Macquarie restated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays increased their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Morgan Stanley increased their price objective on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Stock Performance

NASDAQ:ADSK opened at $267.43 on Wednesday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a market cap of $57.50 billion, a P/E ratio of 53.06, a P/E/G ratio of 2.94 and a beta of 1.43. The company’s 50-day moving average price is $295.44 and its 200-day moving average price is $287.71. 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 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.