Synergy Financial Group LTD Has $263,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Synergy Financial Group LTD lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 17.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 891 shares of the software company’s stock after selling 183 shares during the period. Synergy Financial Group LTD’s holdings in Autodesk were worth $263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its position in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the period. FMR LLC increased its position in Autodesk by 0.8% during the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after acquiring an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Autodesk by 2.7% during 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 worth $657,292,000 after acquiring an additional 61,785 shares during the period. Principal Financial Group Inc. raised its stake in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Finally, Starboard Value LP bought a new stake in Autodesk in the 3rd quarter valued at about $510,189,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research report on Friday, November 29th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. KeyCorp increased their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, UBS Group assumed coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective for the company. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $334.45.

Autodesk Stock Performance

Shares of ADSK stock opened at $285.26 on Tuesday. The firm has a market capitalization of $61.33 billion, a price-to-earnings ratio of 56.60, a PEG ratio of 2.94 and a beta of 1.43. 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 business’s 50-day moving average price is $297.86 and its 200-day moving average price is $286.32. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned $1.33 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

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.