Vestmark Advisory Solutions Inc. Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 73.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,890 shares of the software company’s stock after purchasing an additional 1,227 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Autodesk were worth $854,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new position in Autodesk during the 3rd quarter valued at $28,000. 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 increased 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 purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk in the 4th quarter valued at about $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 0.2 %

Shares of Autodesk stock opened at $259.75 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business’s fifty day moving average price is $293.21 and its two-hundred day moving average price is $287.43. The company has a market capitalization of $55.85 billion, a P/E ratio of 51.54, a PEG ratio of 2.94 and a beta of 1.43.

Analysts Set New Price Targets

ADSK has been the subject of a number of research reports. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Macquarie restated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Barclays boosted their target price on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target 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.