Connable Office Inc. Invests $2.70 Million in Autodesk, Inc. (NASDAQ:ADSK)

Connable Office Inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,126 shares of the software company's stock, valued at approximately $2,697,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its position in Autodesk by 2.3% during the fourth quarter. US Bancorp DE now owns 49,597 shares of the software company's stock worth $14,659,000 after purchasing an additional 1,105 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Autodesk by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 522,797 shares of the software company's stock worth $154,523,000 after purchasing an additional 7,066 shares during the last quarter. SVB Wealth LLC bought a new position in Autodesk during the 4th quarter worth $925,000. QRG Capital Management Inc. increased its position in shares of Autodesk by 10.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,790 shares of the software company's stock worth $4,371,000 after buying an additional 1,353 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Autodesk in the fourth quarter worth approximately $59,668,000. Institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ADSK. Oppenheimer boosted their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Macquarie restated an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Wells Fargo & Company raised their price objective on Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Finally, BMO Capital Markets increased their price objective on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $338.43.

Autodesk Trading Down 0.1 %

ADSK stock traded down $0.19 during midday trading on Wednesday, reaching $267.24. 1,788,244 shares of the company's stock traded hands, compared to its average volume of 1,560,195. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market capitalization of $57.46 billion, a P/E ratio of 53.02, a PEG ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average price of $295.44 and a two-hundred day moving average price of $287.71.

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.