Enhancing Capital LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,579 shares of the software company's stock, valued at approximately $467,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC raised its position in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Addison Advisors LLC raised its position in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.24% of the company's stock.
Autodesk Price Performance
Shares of ADSK stock traded down $0.57 during trading hours on Friday, hitting $267.25. The stock had a trading volume of 2,014,212 shares, compared to its average volume of 1,592,655. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. 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 stock's 50-day moving average price is $285.99 and its two-hundred day moving average price is $287.82. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 2.94 and a beta of 1.51.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. HSBC lowered Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Hsbc Global Res lowered Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Mizuho raised Autodesk from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Citigroup reduced their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Morgan Stanley raised their price objective on Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $336.29.
View Our Latest Analysis on ADSK
About Autodesk
(
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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