Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,385,461 shares of the software company’s stock after acquiring an additional 119,034 shares during the period. Vanguard Group Inc. owned about 0.09% of Autodesk worth $6,025,331,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in Autodesk by 13.7% during the 4th quarter. LPL Financial LLC now owns 194,851 shares of the software company’s stock worth $57,592,000 after acquiring an additional 23,438 shares in the last quarter. Fortis Capital Management LLC grew its holdings in Autodesk by 1.1% during the 4th quarter. Fortis Capital Management LLC now owns 17,285 shares of the software company’s stock worth $5,109,000 after acquiring an additional 186 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Autodesk during the 4th quarter worth $28,969,000. Mizuho Securities USA LLC grew its holdings in Autodesk by 45.9% during the 4th quarter. Mizuho Securities USA LLC now owns 20,377 shares of the software company’s stock worth $6,023,000 after acquiring an additional 6,406 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in Autodesk during the 4th quarter worth $1,688,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Autodesk stock opened at $267.25 on Monday. The firm’s 50 day simple moving average is $285.99 and its 200-day simple moving average is $288.05. The company has a market cap of $56.92 billion, a P/E ratio of 53.03, 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 current ratio of 0.65 and a quick ratio of 0.65. 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

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Robert W. Baird reduced their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Citigroup reduced their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Morgan Stanley raised their price target on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Scotiabank reduced their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.