Cullen Frost Bankers Inc. lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 73,434 shares of the software company’s stock after selling 5,061 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Autodesk were worth $13,472,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ADSK. TPG Group Holdings SBS Advisors Inc. bought a new stake in Autodesk during the third quarter worth about $120,766,000. Findlay Park Partners LLP lifted its stake in Autodesk by 18.1% during the third quarter. Findlay Park Partners LLP now owns 2,346,803 shares of the software company’s stock worth $346,623,000 after purchasing an additional 360,000 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Autodesk by 13.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,157,065 shares of the software company’s stock worth $318,599,000 after purchasing an additional 259,695 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Autodesk by 20.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,000,078 shares of the software company’s stock worth $147,712,000 after purchasing an additional 171,954 shares during the period. Finally, Nikko Asset Management Americas Inc. raised its position in Autodesk by 5,770.8% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 173,422 shares of the software company’s stock worth $25,614,000 after purchasing an additional 170,468 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Autodesk from $160.00 to $190.00 and gave the company an “in-line” rating in a research report on Wednesday, November 27th. Barclays lifted their price objective on Autodesk from $173.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. KeyCorp lifted their price objective on Autodesk from $191.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Argus boosted their target price on Autodesk to $200.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada increased their target price on Autodesk from $189.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $191.18.

Shares of NASDAQ:ADSK opened at $207.51 on Friday. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 314.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.85. The company has a 50-day moving average price of $194.76 and a 200-day moving average price of $165.73. Autodesk, Inc. has a 12 month low of $129.70 and a 12 month high of $210.13.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $842.70 million during the quarter, compared to the consensus estimate of $823.95 million. Autodesk had a net margin of 4.74% and a negative return on equity of 113.06%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. As a group, equities research analysts expect that Autodesk, Inc. will post 1.47 earnings per share for the current fiscal year.

In other news, SVP Carmel Galvin sold 4,994 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $185.00, for a total transaction of $923,890.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

Featured Story: Understanding Market Liquidity

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.