Autodesk, Inc. (NASDAQ:ADSK) Stock Position Lifted by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,759 shares of the software company’s stock after buying an additional 1,040 shares during the period. Intech Investment Management LLC’s holdings in Autodesk were worth $4,067,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Addison Advisors LLC lifted its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Autodesk during the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $39,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADSK shares. UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. DA Davidson increased their price target on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. Finally, Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Up 3.2 %

Shares of ADSK stock opened at $268.30 on Thursday. The stock has a market cap of $57.15 billion, a PE ratio of 53.23, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. 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 business’s fifty day moving average is $286.92 and its 200-day moving average is $287.69. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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.