Bigelow Investment Advisors LLC Has $424,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Bigelow Investment Advisors LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,435 shares of the software company’s stock after purchasing an additional 46 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Autodesk were worth $424,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Starboard Value LP acquired a new stake in Autodesk in the third quarter valued at about $510,189,000. International Assets Investment Management LLC lifted its stake in Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after purchasing an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after buying an additional 452,728 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the subject of several research reports. Morgan Stanley increased their target price on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Macquarie began coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. Stifel Nicolaus upped their price target on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Citigroup raised their price target on shares of Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Finally, Oppenheimer increased their price objective on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Price Performance

ADSK stock opened at $295.66 on Wednesday. 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 50-day moving average is $299.16 and its 200-day moving average is $284.71. The stock has a market capitalization of $63.57 billion, a PE ratio of 58.66, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. Equities research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.