Candriam S.C.A. Acquires 46,191 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Candriam S.C.A. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,139 shares of the software company’s stock after buying an additional 46,191 shares during the quarter. Candriam S.C.A. owned about 0.14% of Autodesk worth $91,668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth about $25,000. Transcendent Capital Group LLC acquired a new stake in Autodesk during the 3rd quarter worth approximately $28,000. Tradewinds Capital Management LLC raised its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the period. Addison Advisors LLC grew its stake in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the 4th quarter worth approximately $37,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Bank of America raised their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Performance

Shares of ADSK stock opened at $267.24 on Thursday. The business’s 50 day simple moving average is $294.76 and its 200 day simple moving average is $287.56. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market capitalization of $57.46 billion, a PE ratio of 53.02, a PEG ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

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.