Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 22.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the software company’s stock after selling 322 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Autodesk were worth $325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at about $28,000. Tradewinds Capital Management LLC grew its stake in shares of Autodesk by 100.0% in the fourth 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 grew its stake in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk in the fourth quarter valued at about $37,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ADSK shares. Robert W. Baird lowered their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Oppenheimer raised their price objective on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Citigroup lowered their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. UBS Group raised their price objective on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Scotiabank started coverage on Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Trading Down 2.6 %

Shares of NASDAQ ADSK opened at $260.39 on Friday. The company has a market cap of $55.98 billion, a price-to-earnings ratio of 51.66, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. 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 stock’s 50 day simple moving average is $293.97 and its 200 day simple moving average is $287.37.

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.