Catalyst Funds Management Pty Ltd Acquires Shares of 2,200 Autodesk, Inc. (NASDAQ:ADSK)

Catalyst Funds Management Pty Ltd purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,200 shares of the software company’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC grew its stake in Autodesk by 1.9% in the fourth 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 boosted its holdings 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 grew its position in shares of Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after buying an additional 37 shares during the period. Journey Strategic Wealth LLC lifted its position in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $254.43 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a market capitalization of $54.19 billion, a price-to-earnings ratio of 50.48, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The firm has a 50 day moving average of $288.74 and a 200 day moving average of $287.57.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADSK shares. Wells Fargo & Company raised their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Barclays lifted their price objective on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. HSBC cut 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. Stifel Nicolaus lowered their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $280.00 to $400.00 in a research 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, the company has an average rating of “Moderate Buy” and a consensus price target of $338.43.

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.