Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Capco Asset Management LLC

Capco Asset Management LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 94,980 shares of the software company’s stock after selling 1,424 shares during the period. Autodesk comprises about 6.3% of Capco Asset Management LLC’s investment portfolio, making the stock its 8th largest holding. Capco Asset Management LLC’s holdings in Autodesk were worth $28,073,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ADSK. Starboard Value LP acquired a new stake in shares of Autodesk during the third quarter worth approximately $510,189,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $154,408,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after purchasing an additional 452,728 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $116,828,000. Finally, Franklin Resources Inc. increased its holdings in shares of Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after purchasing an additional 387,309 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. BMO Capital Markets raised their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Bank of America raised their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Trading Down 0.2 %

Shares of NASDAQ ADSK opened at $267.25 on Friday. The company’s fifty day moving average is $285.99 and its 200-day moving average is $287.62. The stock has a market cap of $56.92 billion, a price-to-earnings ratio of 53.03, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.