Candriam S.C.A. Has $91.67 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Candriam S.C.A. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 310,139 shares of the software company’s stock after purchasing an additional 46,191 shares during the period. Candriam S.C.A.’s holdings in Autodesk were worth $91,668,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Autodesk during the fourth quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk during the third quarter worth approximately $28,000. Tradewinds Capital Management LLC raised its position in shares of 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 purchasing an additional 50 shares during the period. Addison Advisors LLC raised its position in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Autodesk in the 4th quarter valued at $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ADSK shares. DA Davidson increased their price target on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Wells Fargo & Company increased their price target on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. Scotiabank initiated coverage on Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Finally, UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Price Performance

Shares of ADSK stock opened at $267.24 on Thursday. The firm has a market cap of $57.46 billion, a P/E ratio of 53.02, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The business’s 50 day moving average price is $294.76 and its 200-day moving average price is $287.56. 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 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.