Fidelis Capital Partners LLC Reduces Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Fidelis Capital Partners LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,561 shares of the software company’s stock after selling 221 shares during the period. Fidelis Capital Partners LLC’s holdings in Autodesk were worth $478,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Starboard Value LP bought a new stake in shares of Autodesk during the third quarter valued at about $510,189,000. Massachusetts Financial Services Co. MA grew its stake in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after acquiring an additional 452,728 shares in the last quarter. Franklin Resources Inc. increased its holdings in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after acquiring an additional 387,309 shares during the period. State Street Corp lifted its stake in Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 1.7 %

Shares of Autodesk stock opened at $267.43 on Wednesday. The stock has a market capitalization of $57.50 billion, a price-to-earnings ratio of 53.06, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $295.44 and its 200-day moving average price is $287.71.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. KeyCorp upped their target price on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research report on Friday, November 29th. Citigroup decreased their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Bank of America raised their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $338.43.

About Autodesk

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.