Enhancing Capital LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Enhancing Capital LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, Holdings Channel reports. The fund acquired 1,579 shares of the software company’s stock, valued at approximately $467,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Starboard Value LP purchased a new stake in shares of Autodesk in the third quarter valued at $510,189,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Autodesk in the 4th quarter valued at about $154,408,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after purchasing an additional 452,728 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Autodesk during the fourth quarter worth about $116,828,000. Finally, Franklin Resources Inc. raised its position in shares of Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after buying an additional 387,309 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Down 0.3 %

ADSK opened at $259.95 on Wednesday. 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 stock has a market capitalization of $55.37 billion, a PE ratio of 51.58, a P/E/G ratio of 2.94 and a beta of 1.51. The firm’s fifty day moving average price is $287.48 and its 200 day moving average price is $287.83.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of analyst reports. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Barclays raised their price objective on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. DA Davidson upped their target price on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Citigroup dropped their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

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.