New York State Common Retirement Fund Buys 1,454 Shares of Autodesk, Inc. (NASDAQ:ADSK)

New York State Common Retirement Fund boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,207 shares of the software company's stock after buying an additional 1,454 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Autodesk worth $92,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in Autodesk in the third quarter worth $28,000. Concord Wealth Partners purchased a new position in shares of Autodesk in the third quarter valued at about $28,000. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk in the fourth quarter valued at about $37,000. Finally, Sierra Ocean LLC purchased a new position in shares of Autodesk in the fourth quarter valued at about $39,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADSK. Scotiabank began coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price objective on the stock. UBS Group began coverage on shares of Autodesk in a research report on Monday, December 2nd. They issued a "buy" rating and a $350.00 price objective on the stock. Rosenblatt Securities boosted their price objective on shares of Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Finally, Robert W. Baird boosted their price target on shares of Autodesk from $330.00 to $345.00 and gave the company an "outperform" rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $334.45.

Autodesk Stock Down 2.1 %

Shares of NASDAQ ADSK traded down $6.02 during midday trading on Friday, hitting $285.00. The stock had a trading volume of 776,456 shares, compared to its average volume of 1,355,453. The business's 50 day moving average is $298.62 and its 200-day moving average is $284.86. The company has a market cap of $61.27 billion, a P/E ratio of 56.55, a PEG ratio of 3.08 and a beta of 1.43. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. As a group, analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

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.