5,710 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Sciencast Management LP

Sciencast Management LP purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, Holdings Channel reports. The firm purchased 5,710 shares of the software company’s stock, valued at approximately $1,688,000.

Other large investors have also added to or reduced their stakes in the company. Adams Diversified Equity Fund Inc. bought a new stake in Autodesk during the fourth quarter worth $16,286,000. TD Private Client Wealth LLC lifted its stake in shares of Autodesk by 870.8% in the 4th quarter. TD Private Client Wealth LLC now owns 7,776 shares of the software company’s stock valued at $2,298,000 after acquiring an additional 6,975 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of Autodesk by 5.5% in the 4th quarter. iA Global Asset Management Inc. now owns 23,173 shares of the software company’s stock valued at $6,849,000 after acquiring an additional 1,205 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Autodesk by 45.9% in the 4th quarter. Teacher Retirement System of Texas now owns 156,321 shares of the software company’s stock valued at $46,204,000 after acquiring an additional 49,203 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Autodesk by 22.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 583,985 shares of the software company’s stock valued at $172,608,000 after acquiring an additional 108,830 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $267.25 on Friday. 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 stock has a 50-day moving average of $285.99 and a 200-day moving average of $287.62. The company has a market cap of $56.92 billion, a PE ratio of 53.03, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Robert W. Baird dropped their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. BMO Capital Markets raised their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

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.