Tocqueville Asset Management L.P. Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Tocqueville Asset Management L.P. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,314 shares of the software company’s stock after purchasing an additional 375 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Autodesk were worth $10,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Starboard Value LP purchased a new position in Autodesk during the 3rd quarter valued at $510,189,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Autodesk during the fourth quarter valued at $154,408,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Autodesk by 394.9% during the 3rd 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. Raymond James Financial Inc. bought a new stake in shares of Autodesk during the 4th quarter valued at $116,828,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after buying an additional 387,309 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 2.4 %

NASDAQ:ADSK opened at $260.62 on Tuesday. The company has a market cap of $55.51 billion, a PE ratio of 51.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $288.10 and a two-hundred day simple moving average of $287.82. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Analysts Set New Price Targets

ADSK has been the topic of a number of research reports. Barclays boosted their target price on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Citigroup dropped their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. KeyCorp boosted their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Oppenheimer boosted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, UBS Group raised their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.