Vision Financial Markets LLC Invests $140,000 in Autodesk, Inc. (NASDAQ:ADSK)

Vision Financial Markets LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 473 shares of the software company’s stock, valued at approximately $140,000.

Several other large investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. raised its stake in shares of Autodesk by 3.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company’s stock worth $320,000 after purchasing an additional 39 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Autodesk in the fourth quarter worth $202,000. M&T Bank Corp raised its position in Autodesk by 7.4% in the fourth quarter. M&T Bank Corp now owns 25,262 shares of the software company’s stock worth $7,467,000 after acquiring an additional 1,734 shares in the last quarter. Assetmark Inc. raised its position in Autodesk by 3,869.7% in the fourth quarter. Assetmark Inc. now owns 21,079 shares of the software company’s stock worth $6,230,000 after acquiring an additional 20,548 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new position in Autodesk in the fourth quarter worth $1,725,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several research analyst reports. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. DA Davidson increased their price objective on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Stifel Nicolaus lowered their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Price Performance

Shares of ADSK opened at $267.24 on Thursday. The firm has a market cap of $57.46 billion, a price-to-earnings ratio of 53.02, a PEG ratio of 2.94 and a beta of 1.43. The stock has a 50 day moving average of $294.76 and a 200-day moving average of $287.56. 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 52 week low of $195.32 and a 52 week high of $326.62.

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.