Lbp Am Sa Purchases 7,002 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Lbp Am Sa raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 14.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,703 shares of the software company’s stock after acquiring an additional 7,002 shares during the period. Lbp Am Sa’s holdings in Autodesk were worth $16,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the fourth quarter valued at $25,000. Tradewinds Capital Management LLC raised its stake in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Addison Advisors LLC raised its stake in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the 4th quarter valued at $37,000. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk during the 4th quarter valued at $39,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADSK. UBS Group boosted their price objective on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Morgan Stanley boosted their price objective on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Oppenheimer boosted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Stifel Nicolaus reduced their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Macquarie restated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Trading Down 2.0 %

Shares of ADSK stock opened at $246.93 on Friday. The stock has a market capitalization of $52.60 billion, a PE ratio of 48.99, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business has a 50-day moving average of $289.53 and a 200 day moving average of $287.37. 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 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.