Citizens Financial Group Inc. RI Buys 226 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Citizens Financial Group Inc. RI boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 22.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,249 shares of the software company’s stock after buying an additional 226 shares during the period. Citizens Financial Group Inc. RI’s holdings in Autodesk were worth $369,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the fourth quarter worth $25,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC boosted its holdings 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 purchasing an additional 74 shares during the period. Central Pacific Bank Trust Division bought a new stake in Autodesk in the 4th quarter valued at about $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk during the fourth quarter worth approximately $39,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent research reports. Mizuho upgraded 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. Oppenheimer upped their target price on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Scotiabank began coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price on the stock. Bank of America boosted their price target on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets increased their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Trading Down 2.0 %

ADSK opened at $246.93 on Friday. The company’s 50 day moving average price is $289.53 and its two-hundred day moving average price is $287.37. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

About Autodesk

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.