Exchange Capital Management Inc. Has $609,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Exchange Capital Management Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,062 shares of the software company’s stock after acquiring an additional 67 shares during the quarter. Exchange Capital Management Inc.’s holdings in Autodesk were worth $609,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ADSK. PFG Investments LLC lifted its stake in Autodesk by 9.4% in the third quarter. PFG Investments LLC now owns 1,925 shares of the software company’s stock valued at $530,000 after buying an additional 166 shares during the period. GHP Investment Advisors Inc. lifted its stake in Autodesk by 234.9% in the third quarter. GHP Investment Advisors Inc. now owns 288 shares of the software company’s stock valued at $79,000 after buying an additional 202 shares during the period. State of Alaska Department of Revenue lifted its stake in Autodesk by 7.6% in the third quarter. State of Alaska Department of Revenue now owns 25,033 shares of the software company’s stock valued at $6,896,000 after buying an additional 1,770 shares during the period. J.W. Cole Advisors Inc. lifted its stake in Autodesk by 70.9% in the third quarter. J.W. Cole Advisors Inc. now owns 1,521 shares of the software company’s stock valued at $419,000 after buying an additional 631 shares during the period. Finally, Inscription Capital LLC lifted its stake in Autodesk by 21.9% in the third quarter. Inscription Capital LLC now owns 1,025 shares of the software company’s stock valued at $282,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Oppenheimer increased their target price on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Macquarie initiated coverage on Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target for the company. Finally, Scotiabank initiated coverage on Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

Autodesk Stock Down 0.5 %

NASDAQ:ADSK opened at $283.72 on Wednesday. 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 stock has a 50-day simple moving average of $297.47 and a 200 day simple moving average of $286.63. The company has a market cap of $61.00 billion, a PE ratio of 56.29, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 EPS. On average, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.