Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,659 shares of the software company’s stock after purchasing an additional 10,078 shares during the quarter. Erste Asset Management GmbH’s holdings in Autodesk were worth $25,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its holdings in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares during the last quarter. Grove Bank & Trust boosted its holdings in Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after purchasing an additional 37 shares during the last quarter. Journey Strategic Wealth LLC raised its stake in shares of Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after acquiring an additional 38 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 0.4 %

NASDAQ ADSK opened at $251.85 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock 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 firm has a 50 day moving average of $290.46 and a two-hundred day moving average of $287.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ADSK shares. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Robert W. Baird reduced their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus reduced their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Barclays boosted their price target 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 downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $338.43.

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.