Choate Investment Advisors raised its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 20.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,607 shares of the software company’s stock after buying an additional 446 shares during the period. Choate Investment Advisors’ holdings in Autodesk were worth $771,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new stake in shares of Autodesk in the third quarter valued at $12,643,000. Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. boosted its stake in shares of Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares during the period. Brookstone Capital Management grew its position in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after buying an additional 26,768 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Autodesk during the third quarter worth approximately $20,087,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Autodesk Stock Performance
Shares of ADSK opened at $254.43 on Monday. The stock 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. 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 1 year low of $195.32 and a 1 year high of $326.62. The company’s fifty day moving average is $288.74 and its two-hundred day moving average is $287.80.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Autodesk
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.
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