Impact Capital Partners LLC Acquires Shares of 1,997 Autodesk, Inc. (NASDAQ:ADSK)

Impact Capital Partners LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,997 shares of the software company’s stock, valued at approximately $590,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Autodesk in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC boosted 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 last quarter. Addison Advisors LLC grew its position in shares of 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 buying an additional 74 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the fourth quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk in the fourth quarter valued at approximately $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of Autodesk stock opened at $246.93 on Friday. 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 firm has a market cap of $52.60 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock’s 50-day moving average is $289.53 and its 200-day moving average is $287.37.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. KeyCorp lifted their price objective on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Robert W. Baird cut their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Oppenheimer boosted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $338.43.

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.