Jones Financial Companies Lllp Acquires 1,418 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Jones Financial Companies Lllp grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 41.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,815 shares of the software company’s stock after acquiring an additional 1,418 shares during the period. Jones Financial Companies Lllp’s holdings in Autodesk were worth $1,423,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bailard Inc. increased its stake in Autodesk by 1.0% in the fourth quarter. Bailard Inc. now owns 7,375 shares of the software company’s stock valued at $2,180,000 after purchasing an additional 70 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Autodesk by 39.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the software company’s stock valued at $999,000 after buying an additional 944 shares during the last quarter. Maia Wealth LLC grew its holdings in shares of Autodesk by 15.1% during the fourth quarter. Maia Wealth LLC now owns 5,604 shares of the software company’s stock valued at $1,676,000 after buying an additional 734 shares during the last quarter. Connable Office Inc. acquired a new position in shares of Autodesk during the fourth quarter valued at about $2,697,000. Finally, US Bancorp DE grew its holdings in shares of Autodesk by 2.3% during the fourth quarter. US Bancorp DE now owns 49,597 shares of the software company’s stock valued at $14,659,000 after buying an additional 1,105 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $259.75 on Friday. The company’s 50 day moving average is $293.21 and its 200-day moving average is $287.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $55.85 billion, a P/E ratio of 51.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ADSK shares. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Barclays lifted their price objective on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. KeyCorp lifted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Morgan Stanley boosted their price target on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target 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.