Envestnet Portfolio Solutions Inc. Purchases 2,772 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Envestnet Portfolio Solutions Inc. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,743 shares of the software company’s stock after acquiring an additional 2,772 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Autodesk were worth $4,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC increased its position in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC increased its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Autodesk during the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk during the 4th quarter worth approximately $39,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADSK. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Citigroup decreased their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Stock Down 0.3 %

Shares of NASDAQ ADSK opened at $259.95 on Wednesday. The firm has a market cap of $55.37 billion, a PE ratio of 51.58, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company’s fifty day simple moving average is $287.48 and its 200 day simple moving average is $287.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.