Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 36.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,759 shares of the software company’s stock after buying an additional 468 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Autodesk were worth $524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Autodesk during the 4th quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk during the 3rd quarter valued at about $28,000. Tradewinds Capital Management LLC boosted its position in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Addison Advisors LLC lifted its position in Autodesk by 157.4% in 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 acquired a new position in Autodesk in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ADSK shares. Citigroup decreased their target price on shares of 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 upped their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. BMO Capital Markets upped their target price on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Finally, Scotiabank began coverage on shares of Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target on the stock. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $338.43.

Autodesk Stock Down 1.7 %

ADSK stock opened at $267.43 on Wednesday. The company’s 50 day moving average price is $295.44 and its 200 day moving average price is $287.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market capitalization of $57.50 billion, a price-to-earnings ratio of 53.06, a PEG ratio of 2.94 and a beta of 1.43.

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.