Leonteq Securities AG acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,561 shares of the software company’s stock, valued at approximately $758,000.
A number of other hedge funds also recently modified their holdings of the stock. ABN Amro Investment Solutions lifted its stake in shares of Autodesk by 5.1% during the 4th quarter. ABN Amro Investment Solutions now owns 37,767 shares of the software company’s stock worth $11,179,000 after buying an additional 1,847 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Autodesk by 8.7% during the 4th quarter. IFP Advisors Inc now owns 1,729 shares of the software company’s stock worth $512,000 after buying an additional 138 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Autodesk during the 4th quarter worth about $42,738,000. PNC Financial Services Group Inc. lifted its stake in shares of Autodesk by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 94,189 shares of the software company’s stock worth $27,881,000 after buying an additional 837 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Autodesk by 6.7% during the 4th quarter. Larson Financial Group LLC now owns 2,360 shares of the software company’s stock worth $699,000 after buying an additional 148 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
Autodesk Price Performance
ADSK stock opened at $240.99 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Autodesk, Inc. has a 12 month low of $214.10 and a 12 month high of $329.09. The firm has a market cap of $50.88 billion, a P/E ratio of 45.99, a P/E/G ratio of 1.55 and a beta of 1.32. The company’s 50-day moving average price is $239.79 and its two-hundred day moving average price is $262.57.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ADSK. JPMorgan Chase & Co. raised their target price on shares of Autodesk from $319.00 to $336.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Loop Capital cut their target price on shares of Autodesk from $320.00 to $250.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Barclays cut their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Argus upgraded shares of Autodesk to a “strong-buy” rating in a research note on Friday, March 6th. Finally, BMO Capital Markets cut their target price on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating for the company in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $332.21.
Check Out Our Latest Stock Analysis on Autodesk
Autodesk News Roundup
Here are the key news stories impacting Autodesk this week:
- Positive Sentiment: Wall Street still expects Autodesk to deliver earnings growth in its upcoming Q1 report, and analysts say the company has the combination of factors that could support an earnings beat. Autodesk (ADSK) Reports Next Week: Wall Street Expects Earnings Growth
- Positive Sentiment: Brokerage sentiment remains constructive, with Autodesk receiving an average recommendation of “Moderate Buy,” which can help support the stock heading into earnings. Autodesk, Inc. (NASDAQ:ADSK) Receives Average Recommendation of “Moderate Buy” from Brokerages
- Positive Sentiment: Investor interest remains supported by bullish coverage that argues Autodesk is positioned to benefit from demand for engineering optimization software. Autodesk: Primed To Monetize The Elastic Demand For Engineering Optimization
- Neutral Sentiment: Recent articles focused on analyst estimates and key metric projections suggest investors are waiting for confirmation on revenue, margins, and other operating trends before re-rating the stock. Gear Up for Autodesk (ADSK) Q1 Earnings: Wall Street Estimates for Key Metrics
- Neutral Sentiment: Autodesk also drew attention from Michael Burry, who reportedly maintained a position in the stock, adding to the name’s visibility but not changing near-term fundamentals. Autodesk Inc. (ADSK): Michael Burry Likes This Stock
- Negative Sentiment: KeyCorp cut its price target on Autodesk from $365 to $341, which may have added some pressure even though the firm kept an overweight rating. Autodesk price target lowered by KeyCorp
- Negative Sentiment: Autodesk has recently lagged the broader market, and one recent article noted the stock fell despite market gains, reinforcing a cautious short-term tone. Autodesk (ADSK) Stock Drops Despite Market Gains: Important Facts to Note
Autodesk Company 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.
Recommended Stories
- Five stocks we like better than Autodesk
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK – Free Report).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.
