Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by LFA Lugano Financial Advisors SA

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC grew its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC lifted its stake in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Autodesk in the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 0.4 %

Shares of ADSK stock opened at $251.85 on Thursday. The company has a market capitalization of $54.15 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 2.94 and a beta of 1.51. 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 company’s fifty day moving average price is $290.46 and its 200-day moving average price is $287.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Analyst Ratings Changes

Several research firms have recently weighed in on ADSK. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Citigroup lowered their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. DA Davidson raised their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Robert W. Baird decreased their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Finally, UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $338.43.

Autodesk 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.