Autodesk, Inc. (NASDAQ:ADSK) Position Raised by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,173 shares of the software company’s stock after buying an additional 1,205 shares during the quarter. iA Global Asset Management Inc.’s holdings in Autodesk were worth $6,849,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new position in shares of Autodesk during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC increased its holdings 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 valued at $30,000 after purchasing an additional 50 shares during the period. Addison Advisors LLC increased its holdings in shares of Autodesk by 157.4% during the fourth 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 acquired a new position in shares of Autodesk during the fourth quarter valued at $37,000. Finally, Sierra Ocean LLC acquired a new position in shares of Autodesk during the fourth quarter valued at $39,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADSK. Wells Fargo & Company raised their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. KeyCorp lifted their target price on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Stifel Nicolaus lowered their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Price Performance

Shares of ADSK opened at $267.82 on Friday. The company has a market capitalization of $57.05 billion, a price-to-earnings ratio of 53.14, a P/E/G 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. The business’s 50-day moving average is $286.35 and its 200-day moving average is $287.55.

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.