Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Twin City Private Wealth LLC

Twin City Private Wealth LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,771 shares of the software company’s stock after buying an additional 101 shares during the period. Twin City Private Wealth LLC’s holdings in Autodesk were worth $819,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter worth about $510,189,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Autodesk in the 4th quarter worth about $154,408,000. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 394.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after buying an additional 452,728 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Autodesk in the 4th quarter worth about $116,828,000. Finally, Franklin Resources Inc. lifted its stake in shares of Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after purchasing an additional 387,309 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

ADSK stock opened at $267.25 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock’s 50 day moving average is $285.99 and its two-hundred day moving average is $288.05. The company has a market capitalization of $56.92 billion, a PE ratio of 53.03, a P/E/G ratio of 2.94 and a beta of 1.51.

Analyst Ratings Changes

ADSK has been the topic of several research analyst reports. Barclays lifted their price objective on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Citigroup reduced their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Stifel Nicolaus reduced their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research note on Friday, November 29th. Seven 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.