TCW Group Inc. Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

TCW Group Inc. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,978 shares of the software company’s stock after buying an additional 76 shares during the period. TCW Group Inc.’s holdings in Autodesk were worth $7,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Autodesk in the fourth quarter worth about $25,000. Concord Wealth Partners bought a new position in shares of Autodesk in the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk in the third quarter worth approximately $28,000. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk in the fourth quarter worth approximately $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the fourth quarter valued at approximately $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 2.1 %

Shares of ADSK stock opened at $285.00 on Monday. 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 stock has a market capitalization of $61.28 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of 3.00 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock’s 50-day moving average price is $298.25 and its 200-day moving average price is $286.00.

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

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent research reports. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Oppenheimer raised 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. KeyCorp boosted their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Citigroup raised their price objective on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

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.