Florida Financial Advisors LLC Has $352,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Florida Financial Advisors LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 15.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,191 shares of the software company’s stock after buying an additional 161 shares during the period. Florida Financial Advisors LLC’s holdings in Autodesk were worth $352,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Starboard Value LP acquired a new position in Autodesk during the third quarter worth about $510,189,000. China Universal Asset Management Co. Ltd. increased its position in Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after purchasing an additional 5,365 shares in the last quarter. Brookstone Capital Management lifted its stake in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Autodesk in the third quarter valued at approximately $20,087,000. Finally, Bank of Montreal Can grew its stake in shares of Autodesk by 8.7% during the third quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock worth $248,385,000 after buying an additional 73,363 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research reports. Stifel Nicolaus reduced their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Morgan Stanley boosted their price target on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Finally, Macquarie reaffirmed an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Insider Activity

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $534,200. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of Autodesk stock opened at $273.08 on Wednesday. The business has a 50-day simple moving average of $285.41 and a 200 day simple moving average of $288.33. Autodesk, Inc. has a one year low of $195.32 and a one year 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 firm has a market capitalization of $58.17 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 2.94 and a beta of 1.51.

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.