Oregon Public Employees Retirement Fund Cuts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Oregon Public Employees Retirement Fund decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,431 shares of the software company’s stock after selling 56 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Autodesk were worth $5,448,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk during the 4th quarter valued at $25,000. Transcendent Capital Group LLC bought a new stake in Autodesk during the 3rd quarter valued at $28,000. Tradewinds Capital Management LLC raised its holdings in Autodesk by 100.0% during the 4th 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. Concord Wealth Partners bought a new stake in Autodesk during the 3rd quarter valued at $28,000. Finally, Addison Advisors LLC raised its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADSK shares. Morgan Stanley upped their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $334.45.

Autodesk Price Performance

NASDAQ ADSK opened at $285.67 on Thursday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a market cap of $61.42 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 2.94 and a beta of 1.43. The company’s 50 day moving average is $297.33 and its two-hundred day moving average is $286.62. 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 (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business earned $1.33 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.