US Bancorp DE Acquires 1,105 Shares of Autodesk, Inc. (NASDAQ:ADSK)

US Bancorp DE grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,597 shares of the software company’s stock after purchasing an additional 1,105 shares during the period. US Bancorp DE’s holdings in Autodesk were worth $14,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ADSK. Mount Yale Investment Advisors LLC boosted its holdings in shares of Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after acquiring an additional 35 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after acquiring an additional 37 shares in the last quarter. Journey Strategic Wealth LLC boosted its holdings in shares of Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Citigroup cut their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays lifted their target price on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, Macquarie reaffirmed an “outperform” rating and set a $360.00 target price on shares of Autodesk in a report on Friday. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Performance

Shares of Autodesk stock opened at $272.03 on Tuesday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market capitalization of $58.49 billion, a price-to-earnings ratio of 53.97, a PEG ratio of 2.94 and a beta of 1.43. The business has a 50-day simple moving average of $296.12 and a 200 day simple moving average of $287.57. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

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.