Adams Diversified Equity Fund Inc. Makes New $16.29 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

Adams Diversified Equity Fund Inc. bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,100 shares of the software company’s stock, valued at approximately $16,286,000.

A number of other large investors have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC bought a new position in Autodesk in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Addison Advisors LLC lifted its holdings in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Autodesk in the fourth quarter worth about $37,000. Finally, Sierra Ocean LLC bought a new position in Autodesk in the fourth quarter worth about $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.2 %

Autodesk stock opened at $267.82 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $57.05 billion, a price-to-earnings ratio of 53.14, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The firm’s 50 day moving average price is $286.35 and its two-hundred day moving average price is $287.55.

Analysts Set New Price Targets

Several brokerages have commented on ADSK. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Macquarie restated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Scotiabank dropped their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday. Finally, KeyCorp raised their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.