Erste Asset Management GmbH increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,659 shares of the software company's stock after purchasing an additional 10,078 shares during the period. Erste Asset Management GmbH's holdings in Autodesk were worth $25,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the fourth quarter worth $25,000. Tradewinds Capital Management LLC raised its holdings in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of 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 purchasing an additional 74 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the fourth quarter worth $37,000. Finally, Sierra Ocean LLC purchased a new position in Autodesk in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 90.24% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ADSK. HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price objective for the company. in a report on Friday, November 29th. KeyCorp lifted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Stifel Nicolaus cut their price objective on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Mizuho raised shares of Autodesk from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $338.43.
Check Out Our Latest Report on Autodesk
Autodesk Stock Performance
ADSK opened at $251.85 on Thursday. The firm has a market capitalization of $54.15 billion, a PE ratio of 49.97, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm's 50-day moving average price is $290.46 and its 200 day moving average price is $287.65. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.
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.
Featured Stories
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