Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Lifted by LPL Financial LLC

LPL Financial LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 13.7% in the 4th quarter, Holdings Channel reports. The fund owned 194,851 shares of the software company’s stock after buying an additional 23,438 shares during the period. LPL Financial LLC’s holdings in Autodesk were worth $57,592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in Autodesk during the 4th quarter worth about $25,000. Tradewinds Capital Management LLC lifted its position in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC boosted its holdings in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new position in Autodesk during the fourth quarter valued at approximately $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.5 %

Shares of ADSK stock opened at $269.81 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $57.47 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The stock has a 50 day moving average of $284.61 and a 200-day moving average of $288.08.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Stifel Nicolaus cut their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Scotiabank lowered their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Robert W. Baird reduced their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Seven investment 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, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $336.29.

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.