Leelyn Smith LLC Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Leelyn Smith LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,660 shares of the software company’s stock after acquiring an additional 112 shares during the quarter. Autodesk makes up about 0.8% of Leelyn Smith LLC’s holdings, making the stock its 28th largest holding. Leelyn Smith LLC’s holdings in Autodesk were worth $4,629,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Autodesk by 282.0% during the third quarter. Assetmark Inc. now owns 531 shares of the software company’s stock valued at $146,000 after buying an additional 392 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Autodesk by 26.0% during the third quarter. Empowered Funds LLC now owns 4,743 shares of the software company’s stock valued at $1,307,000 after buying an additional 979 shares during the last quarter. Claro Advisors LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at $387,000. Finally, Thrivent Financial for Lutherans raised its stake in Autodesk by 101.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 180,394 shares of the software company’s stock worth $49,696,000 after acquiring an additional 90,913 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the topic of a number of research reports. DA Davidson increased their price objective on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, February 28th. UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research report on Friday, November 29th. Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday. Finally, Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Performance

Shares of ADSK stock opened at $260.62 on Tuesday. 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 business’s 50 day moving average is $288.10 and its two-hundred day moving average is $287.82. The company has a market capitalization of $55.51 billion, a P/E ratio of 51.71, a P/E/G ratio of 2.94 and a beta of 1.51.

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.