Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,718 shares of the software company’s stock after purchasing an additional 113 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Autodesk were worth $1,394,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC raised its position in Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd grew its stake in shares of Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after buying an additional 35 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares during the period. Journey Strategic Wealth LLC lifted its position in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after acquiring an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ADSK. Robert W. Baird reduced their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays boosted their price target on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities restated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Trading Up 3.0 %

NASDAQ:ADSK opened at $254.43 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month 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 has a 50 day simple moving average of $288.74 and a 200 day simple moving average of $287.57. The firm has a market capitalization of $54.19 billion, a P/E ratio of 50.48, a P/E/G ratio of 2.94 and a beta of 1.51.

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.