QRG Capital Management Inc. Buys 1,353 Shares of Autodesk, Inc. (NASDAQ:ADSK)

QRG Capital Management Inc. boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,790 shares of the software company's stock after purchasing an additional 1,353 shares during the quarter. QRG Capital Management Inc.'s holdings in Autodesk were worth $4,371,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in Autodesk in the 4th quarter valued at about $59,668,000. Oppenheimer & Co. Inc. grew its position in Autodesk by 0.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,044 shares of the software company's stock worth $2,378,000 after buying an additional 60 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Autodesk by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 84,100 shares of the software company's stock valued at $24,857,000 after acquiring an additional 1,700 shares during the last quarter. National Pension Service grew its holdings in shares of Autodesk by 4.8% in the 4th quarter. National Pension Service now owns 659,326 shares of the software company's stock worth $194,877,000 after acquiring an additional 29,924 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in shares of Autodesk by 11.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,081 shares of the software company's stock valued at $615,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday. Citigroup reduced their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday. Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Stifel Nicolaus decreased their target price on Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a research report on Friday. Finally, Macquarie reissued an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research report on Friday. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $338.43.

Autodesk Stock Performance

Autodesk stock traded up $4.81 on Monday, reaching $279.02. 393,329 shares of the stock were exchanged, compared to its average volume of 1,501,249. The stock has a market cap of $59.99 billion, a PE ratio of 55.37, a PEG ratio of 2.94 and a beta of 1.43. The firm has a fifty day moving average price of $296.63 and a two-hundred day moving average price of $287.42. Autodesk, Inc. has a twelve month low of $195.32 and a twelve 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.

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.