TCW Group Inc. Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

TCW Group Inc. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,978 shares of the software company’s stock after buying an additional 76 shares during the quarter. TCW Group Inc.’s holdings in Autodesk were worth $7,383,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Olympiad Research LP bought a new stake in Autodesk in the fourth quarter worth about $328,000. Paradigm Asset Management Co. LLC bought a new position in shares of Autodesk during the fourth quarter valued at approximately $443,000. Waterfront Wealth Inc. raised its holdings in shares of Autodesk by 2.6% in the fourth quarter. Waterfront Wealth Inc. now owns 4,260 shares of the software company’s stock worth $1,259,000 after buying an additional 108 shares during the period. Boston Financial Mangement LLC lifted its stake in shares of Autodesk by 32.9% during the 4th quarter. Boston Financial Mangement LLC now owns 1,858 shares of the software company’s stock worth $549,000 after acquiring an additional 460 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in Autodesk by 1.9% during the 4th quarter. First Bank & Trust now owns 8,186 shares of the software company’s stock valued at $2,420,000 after acquiring an additional 154 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 2.1 %

Autodesk stock opened at $285.00 on Monday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business has a fifty day moving average price of $298.25 and a 200-day moving average price of $286.00. 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 stock has a market capitalization of $61.28 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 3.00 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company earned $1.33 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company increased their target price on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Bank of America raised their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. BMO Capital Markets boosted their price objective on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Robert W. Baird raised their target price on shares of Autodesk from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Oppenheimer boosted their price target on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

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.