NEOS Investment Management LLC Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

NEOS Investment Management LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,556 shares of the software company’s stock after acquiring an additional 4,753 shares during the quarter. NEOS Investment Management LLC’s holdings in Autodesk were worth $7,554,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mount Yale Investment Advisors LLC lifted its holdings in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares in the last quarter. Y.D. More Investments Ltd lifted its stake 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 valued at $1,000,000 after buying an additional 35 shares during the period. Grove Bank & Trust boosted its position in 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 acquiring an additional 37 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $269.81 on Friday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a market capitalization of $57.47 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $284.61 and a 200-day simple moving average of $288.08.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. DA Davidson increased their price target on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.