Mizuho Securities USA LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 45.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,377 shares of the software company's stock after purchasing an additional 6,406 shares during the quarter. Mizuho Securities USA LLC's holdings in Autodesk were worth $6,023,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC raised its holdings in 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 acquiring an additional 50 shares during the last quarter. Addison Advisors LLC lifted its position in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after buying an additional 74 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Autodesk during the 4th quarter valued at about $37,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.24% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on ADSK. KeyCorp boosted their price objective on Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and increased their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Robert W. Baird decreased their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Finally, Barclays boosted their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $336.29.
Get Our Latest Analysis on Autodesk
Insider Activity
In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company's stock.
Autodesk Stock Performance
ADSK stock traded down $1.40 during trading hours on Thursday, hitting $269.81. 1,230,046 shares of the stock were exchanged, compared to its average volume of 1,591,529. 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 firm has a market capitalization of $57.47 billion, a P/E ratio of 53.53, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a 50-day simple moving average of $285.01 and a two-hundred day simple moving average of $288.21.
Autodesk Profile
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Free Report)
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.
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