Stephens Investment Management Group LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,092 shares of the software company’s stock after selling 2,639 shares during the period. Stephens Investment Management Group LLC’s holdings in Autodesk were worth $11,148,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ADSK. Brighton Jones LLC raised its stake in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Autodesk by 98.1% in the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock worth $765,000 after buying an additional 1,224 shares during the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of Autodesk in the second quarter worth $207,000. Swedbank AB boosted its holdings in shares of Autodesk by 8.5% during the 2nd quarter. Swedbank AB now owns 150,606 shares of the software company’s stock worth $46,623,000 after buying an additional 11,782 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Autodesk by 21.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 52,102 shares of the software company’s stock valued at $16,498,000 after buying an additional 9,276 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.
Autodesk Price Performance
Shares of NASDAQ:ADSK opened at $265.69 on Friday. The firm has a market capitalization of $56.33 billion, a PE ratio of 51.49, a PEG ratio of 2.16 and a beta of 1.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The business’s 50 day moving average is $293.98 and its 200-day moving average is $301.62.
Analysts Set New Price Targets
ADSK has been the subject of a number of research analyst reports. Wolfe Research boosted their target price on shares of Autodesk from $370.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Citigroup boosted their price objective on Autodesk from $370.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Macquarie raised their target price on Autodesk from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft raised Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the stock from $345.00 to $375.00 in a research report on Wednesday, November 26th. Finally, Robert W. Baird increased their price objective on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $369.97.
Read Our Latest Stock Report on ADSK
About Autodesk
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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