Avantax Advisory Services Inc. grew its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,020 shares of the software company’s stock after purchasing an additional 312 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Autodesk were worth $1,484,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of ADSK. Starboard Value LP acquired a new stake in shares of Autodesk in the third quarter valued at about $510,189,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Autodesk in the fourth quarter valued at about $154,408,000. Massachusetts Financial Services Co. MA grew its position in shares of Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after purchasing an additional 452,728 shares during the period. Raymond James Financial Inc. acquired a new position in Autodesk during the fourth quarter worth about $116,828,000. Finally, Franklin Resources Inc. boosted its position in Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after acquiring an additional 387,309 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
Autodesk Price Performance
Autodesk stock opened at $259.95 on Wednesday. The company’s 50 day simple moving average is $287.48 and its 200-day simple moving average is $287.83. The company has a market capitalization of $55.37 billion, a price-to-earnings ratio of 51.58, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year 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.
Analyst Ratings Changes
View Our Latest Report on ADSK
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.
See Also
- Five stocks we like better than Autodesk
- What is a Bond Market Holiday? How to Invest and Trade
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- 3 Must-Own Stocks to Build Wealth This Decade
- The How And Why of Investing in Oil Stocks
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
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.