Ashton Thomas Private Wealth LLC Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Ashton Thomas Private Wealth LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,241 shares of the software company’s stock after purchasing an additional 75 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Autodesk were worth $958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares during the period. FMR LLC grew its position in shares of Autodesk by 0.8% in the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock valued at $1,557,454,000 after purchasing an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Autodesk by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after purchasing an additional 61,785 shares during the period. Principal Financial Group Inc. grew its position in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Starboard Value LP purchased a new stake in shares of Autodesk in the third quarter valued at $510,189,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.2 %

NASDAQ:ADSK opened at $259.75 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The business’s 50-day simple moving average is $293.21 and its 200 day simple moving average is $287.95. The stock has a market cap of $55.85 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Citigroup reduced 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. Scotiabank began coverage on Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Finally, DA Davidson lifted their target price on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $338.43.

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.