Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,078 shares of the software company’s stock, valued at approximately $6,950,000.
Several other institutional investors have also recently made changes to their positions in ADSK. Norges Bank acquired a new stake in shares of Autodesk during the 4th quarter valued at about $1,054,698,000. Janus Henderson Group PLC lifted its holdings in shares of Autodesk by 48.8% during the 1st quarter. Janus Henderson Group PLC now owns 3,351,545 shares of the software company’s stock valued at $928,911,000 after buying an additional 1,099,348 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 13.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,581,219 shares of the software company’s stock valued at $992,533,000 after buying an additional 426,130 shares during the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of Autodesk by 19.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,508,976 shares of the software company’s stock valued at $695,363,000 after buying an additional 413,747 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Autodesk by 118.1% during the 1st quarter. Neuberger Berman Group LLC now owns 683,414 shares of the software company’s stock valued at $189,016,000 after buying an additional 370,093 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.
NASDAQ:ADSK traded up $6.31 during trading hours on Thursday, reaching $308.09. The company had a trading volume of 28,864 shares, compared to its average volume of 981,496. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.45. The firm has a market cap of $67.78 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 3.04 and a beta of 1.33. The business has a 50-day simple moving average of $285.98. Autodesk, Inc. has a one year low of $215.83 and a one year high of $321.13.
ADSK has been the subject of several analyst reports. Barclays boosted their target price on Autodesk from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 28th. Stifel Nicolaus initiated coverage on Autodesk in a report on Tuesday, May 25th. They issued a “buy” rating and a $342.00 target price for the company. Morgan Stanley boosted their target price on Autodesk from $266.00 to $269.00 and gave the stock an “equal weight” rating in a report on Friday, May 28th. Rosenblatt Securities assumed coverage on Autodesk in a research report on Monday, June 7th. They issued a “buy” rating and a $320.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Autodesk in a research report on Monday, May 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $312.40.
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.
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