Bailard Inc. Increases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Bailard Inc. grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,375 shares of the software company’s stock after acquiring an additional 70 shares during the quarter. Bailard Inc.’s holdings in Autodesk were worth $2,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. Starboard Value LP purchased a new stake in shares of Autodesk in the third quarter valued at $510,189,000. Massachusetts Financial Services Co. MA raised its stake in shares of Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after acquiring an additional 452,728 shares during the period. Franklin Resources Inc. raised its stake in shares of Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after acquiring an additional 387,309 shares during the period. State Street Corp raised its stake in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after acquiring an additional 245,816 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ADSK shares. KeyCorp increased their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank started coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. 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 note on Friday. Barclays raised their price target on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Stock Down 2.9 %

NASDAQ:ADSK opened at $274.23 on Monday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market capitalization of $58.96 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day simple moving average is $296.63 and its 200-day simple moving average is $287.42.

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.