Charles Schwab Investment Management Inc. Purchases 46,777 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Charles Schwab Investment Management Inc. grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,345,471 shares of the software company’s stock after acquiring an additional 46,777 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Autodesk were worth $397,681,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in Autodesk during the third quarter valued at approximately $28,000. Tradewinds Capital Management LLC grew its stake in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Addison Advisors LLC raised its holdings in shares of Autodesk by 157.4% in the 4th 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. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on ADSK shares. Morgan Stanley increased their price objective on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Stifel Nicolaus dropped their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Wells Fargo & Company boosted 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. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Stock Down 0.1 %

Shares of NASDAQ:ADSK opened at $267.24 on Thursday. 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 stock has a market cap of $57.46 billion, a price-to-earnings ratio of 53.02, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a 50 day moving average of $294.76 and a 200-day moving average of $287.56. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Autodesk Company Profile

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.