Fisher Asset Management LLC Raises Position in Autodesk, Inc. (NASDAQ:ADSK)

Fisher Asset Management LLC boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 522,797 shares of the software company’s stock after buying an additional 7,066 shares during the period. Fisher Asset Management LLC owned 0.24% of Autodesk worth $154,523,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC grew its position in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after buying an additional 35 shares in the last quarter. Grove Bank & Trust lifted its stake in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares in the last quarter. Journey Strategic Wealth LLC lifted its stake in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after purchasing an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ADSK shares. UBS Group upped their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Wells Fargo & Company upped their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Scotiabank began coverage on shares of Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price for the company. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Down 2.9 %

ADSK stock opened at $274.23 on Friday. The firm has a market cap of $58.96 billion, a PE ratio of 54.41, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s fifty day moving average is $296.63 and its 200 day moving average is $287.13. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Autodesk 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.