LGT Fund Management Co Ltd. Acquires 1,679 Shares of Autodesk, Inc. (NASDAQ:ADSK)

LGT Fund Management Co Ltd. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 142.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,858 shares of the software company’s stock after purchasing an additional 1,679 shares during the period. LGT Fund Management Co Ltd.’s holdings in Autodesk were worth $845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Tradewinds Capital Management LLC grew its stake 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 valued at $30,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC increased its holdings in 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 buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Autodesk during the fourth quarter worth $37,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. BMO Capital Markets boosted their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Oppenheimer raised their price target on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $272.03 on Tuesday. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. 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 has a market cap of $58.49 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The firm’s fifty day moving average is $296.12 and its 200-day moving average is $287.57.

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.