Sequoia Financial Advisors LLC Has $1.17 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Sequoia Financial Advisors LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,952 shares of the software company’s stock after acquiring an additional 488 shares during the period. Sequoia Financial Advisors LLC’s holdings in Autodesk were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Mount Yale Investment Advisors LLC boosted its stake in Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares during the period. Grove Bank & Trust boosted its position in shares of Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in shares of Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 3.0 %

ADSK stock opened at $254.43 on Friday. The business’s 50 day simple moving average is $288.74 and its 200 day simple moving average is $287.57. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a market capitalization of $54.19 billion, a PE ratio of 50.48, a PEG ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADSK. Morgan Stanley boosted their target price on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. KeyCorp upped 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, February 28th. Macquarie reissued an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Citigroup lowered their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.43.

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.