Harvest Fund Management Co. Ltd Acquires 3,462 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Harvest Fund Management Co. Ltd boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,264 shares of the software company's stock after acquiring an additional 3,462 shares during the period. Harvest Fund Management Co. Ltd's holdings in Autodesk were worth $5,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC grew its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC increased its stake in 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 during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk during the 4th quarter valued at approximately $39,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Down 0.2 %

Shares of NASDAQ:ADSK traded down $0.57 during trading on Friday, reaching $267.25. 2,014,212 shares of the company were exchanged, compared to its average volume of 1,592,655. 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 firm has a market capitalization of $56.92 billion, a PE ratio of 53.03, a P/E/G ratio of 2.94 and a beta of 1.51. The business's fifty day simple moving average is $285.99 and its 200-day simple moving average is $287.82. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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Analyst Ratings Changes

Several brokerages recently weighed in on ADSK. Citigroup reduced their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on shares of Autodesk from $375.00 to $385.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. BMO Capital Markets boosted their price objective on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird decreased their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $336.29.

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.