Autodesk, Inc. (NASDAQ:ADSK) Holdings Raised by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,183 shares of the software company’s stock after purchasing an additional 112 shares during the period. Farther Finance Advisors LLC’s holdings in Autodesk were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. LMR Partners LLP bought a new position in shares of Autodesk in the 3rd quarter worth about $12,643,000. Starboard Value LP bought a new position in Autodesk in the third quarter worth about $510,189,000. China Universal Asset Management Co. Ltd. boosted its stake in Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after acquiring an additional 5,365 shares during the period. Brookstone Capital Management grew its holdings in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Autodesk during the 3rd quarter worth approximately $20,087,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of Autodesk stock opened at $260.62 on Tuesday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a fifty day simple moving average of $288.10 and a 200-day simple moving average of $287.82. 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 stock has a market capitalization of $55.51 billion, a price-to-earnings ratio of 51.71, a PEG ratio of 2.94 and a beta of 1.51.

Analyst Ratings Changes

A number of research analysts recently issued reports on ADSK shares. Oppenheimer boosted their price objective on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Barclays upped their price target 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. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. Finally, Citigroup cut their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

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.