3,128 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by SVB Wealth LLC

SVB Wealth LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,128 shares of the software company’s stock, valued at approximately $925,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jag Capital Management LLC acquired a new position in Autodesk in the 3rd quarter worth approximately $13,861,000. LMR Partners LLP acquired a new position in Autodesk in the 3rd quarter worth approximately $12,643,000. Starboard Value LP acquired a new position in Autodesk in the 3rd quarter worth approximately $510,189,000. China Universal Asset Management Co. Ltd. boosted its stake in Autodesk by 196.2% in 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 period. Finally, Brookstone Capital Management boosted its stake in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADSK. Robert W. Baird decreased their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. Wells Fargo & Company lifted their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Barclays lifted their target price on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday. Finally, KeyCorp lifted their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Performance

Shares of ADSK opened at $272.03 on Tuesday. The company has a market capitalization of $58.49 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $296.12 and its 200 day moving average price is $287.57.

Autodesk Company 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.