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

Jag Capital Management LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 41,419 shares of the software company’s stock after selling 8,896 shares during the period. Autodesk accounts for 1.7% of Jag Capital Management LLC’s portfolio, making the stock its 22nd largest position. Jag Capital Management LLC’s holdings in Autodesk were worth $12,242,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADSK. Pinnacle Associates Ltd. acquired a new stake in Autodesk during the 3rd quarter worth $307,000. Stephens Inc. AR boosted its position in shares of Autodesk by 1.7% during the third quarter. Stephens Inc. AR now owns 11,079 shares of the software company’s stock worth $3,052,000 after purchasing an additional 180 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Autodesk by 23.1% during the third quarter. Farther Finance Advisors LLC now owns 1,071 shares of the software company’s stock worth $295,000 after acquiring an additional 201 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Autodesk during the third quarter worth $284,000. Finally, BSW Wealth Partners increased its position in shares of Autodesk by 7.2% during the third quarter. BSW Wealth Partners now owns 1,557 shares of the software company’s stock worth $429,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $272.03 on Tuesday. The firm has a 50-day moving average of $296.12 and a 200-day moving average of $287.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $58.49 billion, a PE ratio of 53.97, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. UBS Group increased their price objective on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus decreased their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday. Citigroup decreased their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Morgan Stanley raised their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.43.

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.