LFA Lugano Financial Advisors SA Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

LFA Lugano Financial Advisors SA grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 31.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418 shares of the software company’s stock after purchasing an additional 100 shares during the period. LFA Lugano Financial Advisors SA’s holdings in Autodesk were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC lifted its position in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares during the period. Addison Advisors LLC raised its position in shares of Autodesk by 157.4% in 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 purchased a new position in Autodesk during the fourth quarter valued at $37,000. Finally, Sierra Ocean LLC purchased a new stake in Autodesk in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADSK. Citigroup lowered their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Oppenheimer raised their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. KeyCorp raised their price target on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Barclays upped their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Stock Performance

NASDAQ ADSK opened at $251.85 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $54.15 billion, a PE ratio of 49.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The business’s 50-day moving average price is $290.46 and its 200 day moving average price is $287.65. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

About Autodesk

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.