Fisher Asset Management LLC Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Fisher Asset Management LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 522,797 shares of the software company's stock after purchasing an additional 7,066 shares during the period. Fisher Asset Management LLC owned 0.24% of Autodesk worth $154,523,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Autodesk during the 4th quarter worth $25,000. Transcendent Capital Group LLC purchased a new position in Autodesk during the 3rd quarter worth $28,000. Tradewinds Capital Management LLC raised its position in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after buying an additional 50 shares during the last quarter. Addison Advisors LLC raised its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in Autodesk during the 4th quarter worth $37,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Macquarie restated an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Oppenheimer upped their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Piper Sandler upgraded shares of Autodesk from a "neutral" rating to an "overweight" rating and increased their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus cut their price target 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. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $338.43.

Autodesk Trading Down 0.1 %

Shares of Autodesk stock traded down $0.19 during mid-day trading on Wednesday, hitting $267.24. 1,788,244 shares of the stock were exchanged, compared to its average volume of 1,558,245. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market capitalization of $57.46 billion, a price-to-earnings ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The company has a 50-day simple moving average of $294.76 and a 200 day simple moving average of $287.56. 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

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.