Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,345,471 shares of the software company's stock after acquiring an additional 46,777 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.63% of Autodesk worth $397,681,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ADSK. Jag Capital Management LLC acquired a new stake in Autodesk during the 3rd quarter worth about $13,861,000. LMR Partners LLP acquired a new stake in shares of Autodesk during the third quarter worth approximately $12,643,000. Starboard Value LP purchased a new position in Autodesk during the third quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. increased its stake in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after buying an additional 5,365 shares during the period. Finally, Brookstone Capital Management lifted its position in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after buying an additional 26,768 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 0.1 %

Shares of ADSK stock opened at $267.24 on Thursday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $57.46 billion, a PE ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The stock has a 50 day moving average of $294.76 and a 200-day moving average of $287.56.

Wall Street Analyst Weigh In

A number of equities 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 research note on Friday, November 22nd. UBS Group upped their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Scotiabank assumed coverage on Autodesk in a research note on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price target for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $338.43.

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.