5,710 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Sciencast Management LP

Sciencast Management LP bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,710 shares of the software company’s stock, valued at approximately $1,688,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC bought a new position in Autodesk during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Addison Advisors LLC lifted its holdings in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Autodesk during the fourth quarter worth about $37,000. Finally, Sierra Ocean LLC bought a new position in Autodesk during the fourth quarter worth about $39,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of a number of research reports. KeyCorp boosted their price target on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. UBS Group boosted their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Macquarie restated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Morgan Stanley boosted their price target on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company boosted their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Price Performance

Autodesk stock opened at $267.25 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock’s 50 day moving average is $285.99 and its 200-day moving average is $287.62. 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 company has a market capitalization of $56.92 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 2.94 and a beta of 1.51.

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.