Jag Capital Management LLC Has $12.24 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Jag Capital Management LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,419 shares of the software company’s stock after selling 8,896 shares during the quarter. Autodesk comprises 1.7% of Jag Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Jag Capital Management LLC’s holdings in Autodesk were worth $12,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC increased its position in Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after buying an additional 35 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in 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 acquiring an additional 35 shares during the period. Grove Bank & Trust boosted its holdings in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after acquiring an additional 37 shares during the period. Journey Strategic Wealth LLC boosted its holdings in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after acquiring an additional 38 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 0.8 %

Shares of ADSK opened at $272.03 on Tuesday. The stock has a market cap of $58.49 billion, a price-to-earnings ratio of 53.97, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a 50-day moving average price of $296.12 and a two-hundred day moving average price of $287.57. 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, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADSK shares. Macquarie restated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a report on Friday. Wells Fargo & Company upped their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Finally, KeyCorp increased their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $338.43.

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.