5,836 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,836 shares of the software company’s stock, valued at approximately $1,725,000.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the third quarter valued at about $28,000. Tradewinds Capital Management LLC boosted its position in Autodesk by 100.0% during the fourth 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 period. Addison Advisors LLC grew its stake in shares of Autodesk by 157.4% during the fourth 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. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Autodesk in the fourth quarter worth about $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup reduced their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company raised their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Barclays upped their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research report 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. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Stock Performance

Shares of ADSK stock opened at $267.43 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average price is $295.44 and its 200-day moving average price is $287.71. The stock has a market cap of $57.50 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

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.