Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Twin City Private Wealth LLC

Twin City Private Wealth LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,771 shares of the software company’s stock after acquiring an additional 101 shares during the quarter. Twin City Private Wealth LLC’s holdings in Autodesk were worth $819,000 at the end of the most recent reporting period.

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

Autodesk Stock Down 0.2 %

ADSK opened at $267.25 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $56.92 billion, a P/E ratio of 53.03, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The business’s fifty day simple moving average is $285.99 and its 200 day simple moving average is $288.05.

Analysts Set New Price Targets

Several brokerages recently weighed in on ADSK. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Stifel Nicolaus cut their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Barclays increased their price objective on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, BMO Capital Markets increased 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. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $336.29.

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.