Mizuho Securities USA LLC Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Mizuho Securities USA LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 45.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,377 shares of the software company’s stock after purchasing an additional 6,406 shares during the period. Mizuho Securities USA LLC’s holdings in Autodesk were worth $6,023,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new stake in Autodesk in the 4th quarter worth $25,000. Tradewinds Capital Management LLC lifted its stake in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC lifted its position in shares of 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 buying an additional 74 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk in the fourth quarter worth about $37,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADSK. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Barclays increased their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” 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, Bank of America raised their price objective on 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 assigned a buy rating to the stock. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $267.25 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a market cap of $56.92 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 2.94 and a beta of 1.51. The company has a 50 day simple moving average of $285.99 and a two-hundred day simple moving average of $287.82. The company has a current ratio of 0.65, a quick 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.