Cookson Peirce & Co. Inc. Makes New $1.73 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

Cookson Peirce & Co. Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,836 shares of the software company’s stock, valued at approximately $1,725,000.

Several other large investors have also recently made changes to their positions in ADSK. Jag Capital Management LLC bought a new position in Autodesk during the third quarter valued at about $13,861,000. LMR Partners LLP purchased a new position in Autodesk in the third quarter valued at about $12,643,000. Starboard Value LP bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. increased its stake in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after purchasing an additional 26,768 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research reports. Morgan Stanley increased their price objective on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Oppenheimer increased their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. KeyCorp boosted their price objective on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Stifel Nicolaus cut their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, UBS Group boosted their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Trading Down 1.7 %

Shares of Autodesk stock opened at $267.43 on Wednesday. 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 1 year low of $195.32 and a 1 year high of $326.62. The firm has a market cap of $57.50 billion, a PE ratio of 53.06, a PEG ratio of 2.94 and a beta of 1.43. The company has a 50 day simple moving average of $295.44 and a two-hundred day simple moving average of $287.71.

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.