EverSource Wealth Advisors LLC Grows Stake in Autodesk, Inc. (NASDAQ:ADSK)

EverSource Wealth Advisors LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 503 shares of the software company’s stock after acquiring an additional 42 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Autodesk were worth $149,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADSK. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC increased its holdings 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 last quarter. Addison Advisors LLC raised its position in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the 4th quarter worth $37,000. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk during the 4th quarter valued at $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 2.4 %

NASDAQ ADSK opened at $260.62 on Tuesday. The stock has a 50 day moving average price of $288.10 and a 200-day moving average price of $287.82. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. 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.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. KeyCorp raised their target price on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research note on Friday, November 29th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their target price 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. Finally, Oppenheimer upped their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.