Smartleaf Asset Management LLC Purchases 944 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Smartleaf Asset Management LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,358 shares of the software company’s stock after buying an additional 944 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Autodesk were worth $999,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts have commented on ADSK shares. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research note on Friday, November 29th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Morgan Stanley raised their target price on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday. Stifel Nicolaus lowered their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday. Finally, DA Davidson increased their price target on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Stock Performance

Shares of Autodesk stock opened at $274.23 on Monday. The stock has a market capitalization of $58.96 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average of $296.63 and a 200 day moving average of $287.42.

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.