Adams Diversified Equity Fund Inc. purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 55,100 shares of the software company's stock, valued at approximately $16,286,000.
Several other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Empowered Funds LLC increased its position in shares of Autodesk by 26.0% during the third quarter. Empowered Funds LLC now owns 4,743 shares of the software company's stock worth $1,307,000 after purchasing an additional 979 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Autodesk during the 3rd quarter valued at $760,000. Caprock Group LLC boosted its position in shares of Autodesk by 10.2% in the 3rd quarter. Caprock Group LLC now owns 4,266 shares of the software company's stock worth $1,175,000 after purchasing an additional 394 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Autodesk by 28.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 196 shares of the software company's stock worth $54,000 after buying an additional 44 shares during the last quarter. 90.24% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Morgan Stanley increased their price target on Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Hsbc Global Res cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. KeyCorp boosted their target price on shares of Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Stifel Nicolaus lowered their price objective on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, BMO Capital Markets upped their target price 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 analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $336.29.
Check Out Our Latest Stock Report on ADSK
Autodesk Stock Performance
Shares of NASDAQ:ADSK traded up $3.89 during trading on Tuesday, hitting $273.08. 1,068,308 shares of the stock traded hands, compared to its average volume of 1,592,683. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $285.68 and a two-hundred day moving average price of $288.17. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a market cap of $58.17 billion, a price-to-earnings ratio of 54.18, a P/E/G ratio of 2.94 and a beta of 1.51.
Insider Activity at Autodesk
In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.
About Autodesk
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Free Report)
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.
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