Mission Wealth Management LP boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,460 shares of the software company’s stock after buying an additional 98 shares during the period. Mission Wealth Management LP’s holdings in Autodesk were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. TPG Group Holdings SBS Advisors Inc. purchased a new stake in shares of Autodesk during the 3rd quarter valued at $120,766,000. Disciplined Growth Investors Inc. MN boosted its stake in shares of Autodesk by 2.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 899,963 shares of the software company’s stock valued at $132,925,000 after purchasing an additional 21,585 shares during the period. Man Group plc boosted its position in Autodesk by 108.9% in the 3rd quarter. Man Group plc now owns 53,771 shares of the software company’s stock valued at $7,942,000 after buying an additional 28,030 shares during the last quarter. Calamos Advisors LLC boosted its holdings in Autodesk by 9.5% in the third quarter. Calamos Advisors LLC now owns 53,720 shares of the software company’s stock valued at $7,934,000 after purchasing an additional 4,664 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Autodesk during the 3rd quarter valued at approximately $219,000. 95.00% of the stock is currently owned by institutional investors and hedge funds.
Autodesk stock opened at $195.84 on Wednesday. Autodesk, Inc. has a 1-year low of $129.70 and a 1-year high of $197.55. The firm’s fifty day simple moving average is $185.13 and its 200-day simple moving average is $162.29. The company has a market capitalization of $42.54 billion, a P/E ratio of 296.73, a P/E/G ratio of 3.47 and a beta of 1.89.
In related news, SVP Carmel Galvin sold 4,994 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $185.00, for a total value of $923,890.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.
Several equities research analysts recently weighed in on ADSK shares. Mizuho increased their price objective on shares of Autodesk from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wells Fargo & Co upped their target price on shares of Autodesk from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. ValuEngine lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays lifted their price target on Autodesk from $173.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Argus boosted their price objective on Autodesk to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $191.18.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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