EverSource Wealth Advisors LLC Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

EverSource Wealth Advisors LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503 shares of the software company’s stock after purchasing an additional 42 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Autodesk were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC grew its position in shares of Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after buying an additional 35 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after acquiring an additional 35 shares during the period. Grove Bank & Trust boosted its holdings in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after acquiring an additional 37 shares in the last quarter. Journey Strategic Wealth LLC increased its position in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $260.62 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $55.51 billion, a price-to-earnings ratio of 51.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The business has a 50-day simple moving average of $288.10 and a two-hundred day simple moving average of $287.82. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADSK. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Scotiabank decreased their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday. Bank of America lifted their price target on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets increased their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

About Autodesk

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.