Autodesk, Inc. (NASDAQ:ADSK) Holdings Lifted by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 45.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,377 shares of the software company’s stock after purchasing an additional 6,406 shares during the quarter. Mizuho Securities USA LLC’s holdings in Autodesk were worth $6,023,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADSK. Mount Yale Investment Advisors LLC boosted its holdings in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd increased its position in shares of Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after purchasing an additional 35 shares during the period. Grove Bank & Trust raised its stake in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after buying an additional 38 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.2 %

Shares of NASDAQ:ADSK opened at $267.25 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $56.92 billion, a PE ratio of 53.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The stock has a 50 day moving average of $285.99 and a 200 day moving average of $287.82. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

A number of research firms have recently commented on ADSK. DA Davidson boosted their price target on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Citigroup cut their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. KeyCorp upped their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, 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, March 17th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Company 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.