Horizon Investments LLC Raises Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Horizon Investments LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,394 shares of the software company’s stock after buying an additional 64 shares during the period. Horizon Investments LLC’s holdings in Autodesk were worth $1,299,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADSK. Leelyn Smith LLC grew its position in Autodesk by 0.7% in the fourth quarter. Leelyn Smith LLC now owns 15,660 shares of the software company’s stock valued at $4,629,000 after acquiring an additional 112 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of Autodesk by 1.1% in the fourth quarter. Tocqueville Asset Management L.P. now owns 35,314 shares of the software company’s stock valued at $10,438,000 after purchasing an additional 375 shares during the period. Signaturefd LLC grew its holdings in Autodesk by 3.2% during the 4th quarter. Signaturefd LLC now owns 3,150 shares of the software company’s stock valued at $931,000 after purchasing an additional 97 shares in the last quarter. Parallel Advisors LLC increased its stake in Autodesk by 23.1% during the 4th quarter. Parallel Advisors LLC now owns 2,853 shares of the software company’s stock worth $843,000 after buying an additional 535 shares during the period. Finally, Cibc World Markets Corp lifted its holdings in Autodesk by 13.8% in the 4th quarter. Cibc World Markets Corp now owns 38,660 shares of the software company’s stock worth $11,427,000 after buying an additional 4,690 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

ADSK stock opened at $268.30 on Thursday. The stock’s fifty day moving average is $286.92 and its two-hundred day moving average is $287.69. The stock has a market capitalization of $57.15 billion, a price-to-earnings ratio of 53.23, a PEG ratio of 2.94 and a beta of 1.51. 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 1 year low of $195.32 and a 1 year high of $326.62.

Analyst Upgrades and Downgrades

ADSK has been the subject of several recent analyst reports. Citigroup lowered their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Robert W. Baird dropped their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. KeyCorp upped their target price on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Macquarie reissued an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Finally, Stifel Nicolaus cut their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $336.29.

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.