Vestmark Advisory Solutions Inc. Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Vestmark Advisory Solutions Inc. grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 73.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,890 shares of the software company’s stock after acquiring an additional 1,227 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Autodesk were worth $854,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk in the 4th quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk in the third quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its position 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 during the last quarter. Addison Advisors LLC boosted its position 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 acquiring an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Autodesk during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. KeyCorp increased their price target on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Barclays increased their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Macquarie restated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Stock Down 0.2 %

NASDAQ ADSK opened at $259.75 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The business has a 50 day moving average price of $293.21 and a two-hundred day moving average price of $287.43. The stock has a market cap of $55.85 billion, a PE ratio of 51.54, a P/E/G ratio of 2.94 and a beta of 1.43.

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.