Envestnet Portfolio Solutions Inc. Has $4.95 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Envestnet Portfolio Solutions Inc. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,743 shares of the software company’s stock after buying an additional 2,772 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Autodesk were worth $4,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in Autodesk in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC increased its stake in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. Addison Advisors LLC increased its stake in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Autodesk in the 4th quarter valued at $37,000. Finally, Sierra Ocean LLC acquired a new stake in Autodesk in the 4th quarter valued at $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ ADSK opened at $259.95 on Wednesday. The firm has a 50-day moving average price of $287.48 and a two-hundred day moving average price of $287.83. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $55.37 billion, a P/E ratio of 51.58, a P/E/G ratio of 2.94 and a beta of 1.51.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Stifel Nicolaus lowered their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Bank of America boosted their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. BMO Capital Markets boosted their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Finally, Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Autodesk 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.