Cibc World Markets Corp Acquires 4,690 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Cibc World Markets Corp grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 38,660 shares of the software company’s stock after buying an additional 4,690 shares during the period. Cibc World Markets Corp’s holdings in Autodesk were worth $11,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in Autodesk in the 4th quarter worth about $25,000. Tradewinds Capital Management LLC raised its position in shares of 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 in the last quarter. Addison Advisors LLC grew its holdings in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the 4th quarter valued at approximately $37,000. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 2.4 %

Shares of ADSK opened at $260.62 on Tuesday. The firm’s 50 day simple moving average is $288.10 and its 200 day simple moving average is $287.82. The company has a market capitalization of $55.51 billion, a P/E ratio of 51.71, a P/E/G ratio of 2.94 and a beta of 1.51. 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, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research report on Friday, November 29th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. BMO Capital Markets upped their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Finally, Barclays upped their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $336.29.

About Autodesk

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.