Autodesk, Inc. (NASDAQ:ADSK) Holdings Boosted by Huntington National Bank

Huntington National Bank increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,476 shares of the software company's stock after buying an additional 1,796 shares during the period. Huntington National Bank's holdings in Autodesk were worth $2,210,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in shares of Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Meeder Advisory Services Inc. increased its position in Autodesk by 8.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 5,062 shares of the software company's stock worth $1,496,000 after purchasing an additional 394 shares in the last quarter. Groupama Asset Managment raised its stake in Autodesk by 39.8% in the 4th quarter. Groupama Asset Managment now owns 12,325 shares of the software company's stock valued at $3,667,000 after purchasing an additional 3,510 shares during the last quarter. OV Management LLC lifted its holdings in Autodesk by 6.0% in the 4th quarter. OV Management LLC now owns 7,020 shares of the software company's stock valued at $2,075,000 after purchasing an additional 395 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Autodesk by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after purchasing an additional 45,623 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts recently issued reports on ADSK shares. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Bank of America increased their price target on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Scotiabank reduced their target price on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and an average price target of $331.45.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

Autodesk Stock Up 10.3 %

ADSK stock traded up $24.69 during trading on Wednesday, reaching $263.53. The stock had a trading volume of 2,456,587 shares, compared to its average volume of 1,691,913. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average price of $274.39 and a 200 day moving average price of $287.44. The company has a market capitalization of $56.13 billion, a P/E ratio of 52.29, a PEG ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $195.32 and a 1-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.