Larson Financial Group LLC Buys 117 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Larson Financial Group LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,521 shares of the software company’s stock after purchasing an additional 117 shares during the quarter. Larson Financial Group LLC’s holdings in Autodesk were worth $745,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth $28,000. Tradewinds Capital Management LLC lifted its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares during the period. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in Autodesk during the 4th quarter valued at about $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of ADSK opened at $259.75 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $293.21 and its 200-day moving average price is $287.95. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a market capitalization of $55.85 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Analyst Upgrades and Downgrades

ADSK has been the subject of several research reports. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research report on Friday, November 29th. Wells Fargo & Company upped their target price on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group lifted their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, BMO Capital Markets raised their price objective on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $338.43.

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.