SVB Wealth LLC Invests $925,000 in Autodesk, Inc. (NASDAQ:ADSK)

SVB Wealth LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,128 shares of the software company’s stock, valued at approximately $925,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter valued at about $25,000. Transcendent Capital Group LLC bought a new stake in Autodesk in the third quarter valued at about $28,000. Tradewinds Capital Management LLC increased its stake in 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 acquiring an additional 50 shares during the period. Addison Advisors LLC increased its stake in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Autodesk in the fourth quarter valued at about $37,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ADSK. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Morgan Stanley upped their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday. Barclays upped their target price on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets boosted their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus reduced their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Trading Down 0.8 %

ADSK stock opened at $272.03 on Tuesday. The company has a market cap of $58.49 billion, a P/E ratio of 53.97, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $296.12 and a 200-day moving average of $287.57.

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.