Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,454 shares of the software company’s stock after purchasing an additional 5,913 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Autodesk were worth $152,449,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of ADSK. Measured Wealth Private Client Group LLC purchased a new position in shares of Autodesk during the third quarter worth about $25,000. Proffitt & Goodson Inc. purchased a new position in shares of Autodesk during the third quarter worth about $27,000. Tripletail Wealth Management LLC purchased a new position in shares of Autodesk during the third quarter worth about $29,000. Financial Consulate Inc. purchased a new position in shares of Autodesk during the third quarter worth about $32,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of Autodesk by 1,275.0% during the third quarter. Salomon & Ludwin LLC now owns 110 shares of the software company’s stock worth $35,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Autodesk Stock Performance
NASDAQ:ADSK opened at $245.48 on Wednesday. The business has a 50 day moving average of $239.60 and a 200 day moving average of $272.35. The company has a market capitalization of $51.80 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 1.62 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $214.10 and a 1-year high of $329.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85.
Analysts Set New Price Targets
Several research analysts have recently commented on ADSK shares. BTIG Research cut their price objective on Autodesk from $365.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 27th. BMO Capital Markets cut their price objective on Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a report on Monday, March 2nd. Loop Capital cut their price objective on Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Royal Bank Of Canada dropped their target price on Autodesk from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Argus upgraded Autodesk to a “strong-buy” rating in a research report on Friday, March 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $335.93.
Read Our Latest Stock Analysis on Autodesk
Autodesk Profile
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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