Schrum Private Wealth Management LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Schrum Private Wealth Management LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,300 shares of the software company’s stock, valued at approximately $384,000.

Several other large investors have also recently added to or reduced their stakes in ADSK. State Street Corp boosted its holdings in shares of Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares in the last quarter. FMR LLC lifted its stake in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after acquiring an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after purchasing an additional 61,785 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Autodesk by 12.6% during the 3rd 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 in the last quarter. Finally, Starboard Value LP acquired a new stake in shares of Autodesk during the 3rd quarter worth about $510,189,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Down 0.1 %

NASDAQ ADSK opened at $267.24 on Thursday. 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 has a 50-day simple moving average of $294.76 and a 200-day simple moving average of $287.56. The firm has a market capitalization of $57.46 billion, a PE ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. KeyCorp increased their price target on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Oppenheimer boosted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $338.43.

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.