US Bancorp DE Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

US Bancorp DE grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,597 shares of the software company's stock after acquiring an additional 1,105 shares during the period. US Bancorp DE's holdings in Autodesk were worth $14,659,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ADSK. Mount Yale Investment Advisors LLC boosted its stake in Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after acquiring an additional 35 shares in the last quarter. Y.D. More Investments Ltd boosted its position in shares of Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust increased its position in Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company's stock valued at $130,000 after buying an additional 37 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after buying an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock worth $106,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of NASDAQ ADSK traded up $1.01 during mid-day trading on Wednesday, reaching $268.44. The company's stock had a trading volume of 750,446 shares, compared to its average volume of 1,556,308. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a fifty day moving average of $295.44 and a two-hundred day moving average of $287.71. The firm has a market capitalization of $57.71 billion, a PE ratio of 53.26, a P/E/G ratio of 2.94 and a beta of 1.43.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADSK shares. Hsbc Global Res lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. Mizuho raised shares of Autodesk from a "neutral" rating to an "outperform" rating and raised their price target for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. DA Davidson lifted their target price on Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and upped their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, KeyCorp lifted their price objective on Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.