Prudential PLC Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Prudential PLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,272 shares of the software company's stock after acquiring an additional 4,162 shares during the quarter. Prudential PLC's holdings in Autodesk were worth $16,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC boosted its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in Autodesk during the fourth quarter valued at approximately $30,000. Addison Advisors LLC raised its stake in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Activity

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

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Analyst Upgrades and Downgrades

Several analysts have weighed in on ADSK shares. Bank of America boosted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday. Barclays boosted their price objective on Autodesk from $355.00 to $365.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Mizuho raised shares of Autodesk from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Piper Sandler upgraded shares of Autodesk from a "neutral" rating to an "overweight" rating and upped their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $331.45.

Autodesk Stock Performance

NASDAQ ADSK traded up $3.31 on Wednesday, reaching $242.15. 393,475 shares of the stock were exchanged, compared to its average volume of 1,680,517. 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 one year low of $195.32 and a one year high of $326.62. The firm has a market capitalization of $51.58 billion, a PE ratio of 48.05, a PEG ratio of 2.94 and a beta of 1.49. The company's 50-day simple moving average is $276.28 and its two-hundred day simple moving average is $287.64.

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.