New York State Common Retirement Fund Acquires 1,454 Shares of Autodesk, Inc. (NASDAQ:ADSK)

New York State Common Retirement Fund grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 314,207 shares of the software company’s stock after purchasing an additional 1,454 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Autodesk worth $92,870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter valued at $25,000. Concord Wealth Partners bought a new position in shares of Autodesk in the 3rd quarter valued at $28,000. Transcendent Capital Group LLC bought a new stake in Autodesk during the 3rd quarter worth $28,000. Central Pacific Bank Trust Division bought a new stake in Autodesk during the 4th quarter worth $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the 4th quarter worth $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.1 %

Shares of NASDAQ:ADSK opened at $299.06 on Thursday. The company has a market capitalization of $64.30 billion, a price-to-earnings ratio of 59.34, a P/E/G ratio of 3.12 and a beta of 1.43. 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 business’s 50-day moving average is $298.99 and its 200-day moving average is $284.82. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business earned $1.33 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADSK shares. KeyCorp boosted their price objective on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Robert W. Baird boosted their price objective on Autodesk from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $334.45.

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.