Fortis Capital Management LLC Purchases 186 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Fortis Capital Management LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,285 shares of the software company’s stock after buying an additional 186 shares during the period. Autodesk comprises 0.9% of Fortis Capital Management LLC’s holdings, making the stock its 29th largest position. Fortis Capital Management LLC’s holdings in Autodesk were worth $5,109,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk in the fourth quarter valued at about $25,000. Tradewinds Capital Management LLC grew its position in shares of 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 purchasing an additional 50 shares during the period. Addison Advisors LLC grew its position 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 purchasing an additional 74 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the fourth quarter worth $37,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Scotiabank dropped their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. Finally, Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Stock Down 0.2 %

Shares of NASDAQ ADSK opened at $267.25 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The firm has a market cap of $56.92 billion, a PE ratio of 53.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a 50 day simple moving average of $285.99 and a 200 day simple moving average of $287.82.

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.