Vision Financial Markets LLC Invests $140,000 in Autodesk, Inc. (NASDAQ:ADSK)

Vision Financial Markets LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, Holdings Channel reports. The fund acquired 473 shares of the software company’s stock, valued at approximately $140,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Farther Finance Advisors LLC boosted its position in Autodesk by 23.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,071 shares of the software company’s stock valued at $295,000 after purchasing an additional 201 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Autodesk during the 3rd quarter valued at approximately $284,000. Asset Management One Co. Ltd. boosted its position in Autodesk by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 84,138 shares of the software company’s stock valued at $23,178,000 after purchasing an additional 1,672 shares during the period. QRG Capital Management Inc. boosted its position in Autodesk by 32.0% during the 3rd quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company’s stock valued at $3,702,000 after purchasing an additional 3,259 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in Autodesk by 162.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 538 shares of the software company’s stock valued at $148,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of 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 firm has a market cap of $57.46 billion, a price-to-earnings ratio of 53.02, a P/E/G ratio of 2.94 and a beta of 1.43. The business’s 50-day simple moving average is $294.76 and its 200-day simple moving average is $287.56. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADSK shares. Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a report on Friday, November 29th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, Morgan Stanley increased their price objective on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, 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.