LGT Fund Management Co Ltd. Purchases 1,679 Shares of Autodesk, Inc. (NASDAQ:ADSK)

LGT Fund Management Co Ltd. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 142.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,858 shares of the software company’s stock after buying an additional 1,679 shares during the period. LGT Fund Management Co Ltd.’s holdings in Autodesk were worth $845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Pinnacle Associates Ltd. acquired a new stake in shares of Autodesk in the third quarter valued at about $307,000. Stephens Inc. AR grew its holdings in Autodesk by 1.7% in the 3rd quarter. Stephens Inc. AR now owns 11,079 shares of the software company’s stock valued at $3,052,000 after buying an additional 180 shares during the last quarter. Farther Finance Advisors LLC increased its position in Autodesk by 23.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,071 shares of the software company’s stock worth $295,000 after buying an additional 201 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Autodesk during the third quarter worth approximately $284,000. Finally, BSW Wealth Partners boosted its position in shares of Autodesk by 7.2% in the third quarter. BSW Wealth Partners now owns 1,557 shares of the software company’s stock valued at $429,000 after acquiring an additional 105 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Down 0.8 %

ADSK opened at $272.03 on Tuesday. The stock has a market capitalization of $58.49 billion, a P/E ratio of 53.97, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm’s fifty day simple moving average is $296.12 and its 200 day simple moving average is $287.57.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Bank of America upped their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Citigroup decreased their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets lifted their target price on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus cut their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.