National Pension Service boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 697,954 shares of the software company’s stock after buying an additional 11,484 shares during the period. National Pension Service’s holdings in Autodesk were worth $221,719,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. Proffitt & Goodson Inc. acquired a new position in Autodesk in the 3rd quarter valued at $27,000. Access Investment Management LLC purchased a new stake in shares of Autodesk during the second quarter worth $28,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Autodesk in the third quarter valued at about $28,000. Tripletail Wealth Management LLC purchased a new position in shares of Autodesk in the third quarter worth about $29,000. Finally, Hilltop National Bank acquired a new position in Autodesk during the second quarter worth about $31,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Autodesk Price Performance
ADSK stock opened at $252.87 on Friday. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $53.61 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 2.08 and a beta of 1.46. The business has a fifty day moving average of $287.62 and a two-hundred day moving average of $298.86.
Analyst Ratings Changes
ADSK has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Autodesk in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on Autodesk from $375.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Rothschild & Co Redburn started coverage on Autodesk in a research note on Friday, January 9th. They set a “buy” rating and a $375.00 price objective on the stock. UBS Group restated a “buy” rating and issued a $400.00 target price on shares of Autodesk in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft raised Autodesk from a “hold” rating to a “buy” rating and raised their target price for the stock from $345.00 to $375.00 in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $369.97.
View Our Latest Research Report on Autodesk
Autodesk Company Profile
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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