Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 6.6% in the fourth quarter, HoldingsChannel reports. The firm owned 5,020 shares of the software company’s stock after buying an additional 312 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Autodesk were worth $1,484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC grew 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 worth $30,000 after acquiring an additional 50 shares in the last quarter. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Autodesk during the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. UBS Group boosted their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Citigroup lowered their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Piper Sandler upgraded shares of 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. Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Stifel Nicolaus lowered their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Down 0.3 %

Shares of Autodesk stock opened at $259.95 on Wednesday. The company has a market cap of $55.37 billion, a P/E ratio of 51.58, a PEG ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a fifty day moving average of $287.48 and a two-hundred day moving average of $287.83.

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.