Smartleaf Asset Management LLC Buys 944 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Smartleaf Asset Management LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 39.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,358 shares of the software company's stock after purchasing an additional 944 shares during the period. Smartleaf Asset Management LLC's holdings in Autodesk were worth $999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Starboard Value LP purchased a new stake in Autodesk during the third quarter worth about $510,189,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock valued at $156,296,000 after buying an additional 452,728 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock worth $413,405,000 after purchasing an additional 387,309 shares during the last quarter. State Street Corp increased its stake in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after purchasing an additional 288,931 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after buying an additional 245,816 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Down 0.1 %

Shares of ADSK traded down $0.19 during midday trading on Wednesday, hitting $267.24. The stock had a trading volume of 1,788,244 shares, compared to its average volume of 1,559,037. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The business has a 50-day simple moving average of $295.44 and a two-hundred day simple moving average of $287.71. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $57.46 billion, a P/E ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. DA Davidson lifted their target price on shares of Autodesk from $275.00 to $285.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Robert W. Baird cut 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. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, HSBC downgraded Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Seven 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $338.43.

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.