Generali Asset Management SPA SGR Takes $10.46 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Generali Asset Management SPA SGR bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,396 shares of the software company's stock, valued at approximately $10,462,000.

A number of other hedge funds also recently bought and sold shares of the business. LMR Partners LLP purchased a new position in shares of Autodesk in the third quarter valued at approximately $12,643,000. Starboard Value LP purchased a new position in shares of Autodesk during the third quarter worth $510,189,000. China Universal Asset Management Co. Ltd. boosted its position in shares of Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after buying an additional 5,365 shares during the period. Brookstone Capital Management boosted its position in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after buying an additional 26,768 shares during the period. Finally, Erste Asset Management GmbH purchased a new position in Autodesk in the third quarter valued at $20,087,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of ADSK traded down $0.57 during mid-day trading on Friday, hitting $267.25. 2,014,212 shares of the company traded hands, compared to its average volume of 1,589,856. The business has a 50-day moving average of $285.99 and a 200 day moving average of $287.62. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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Wall Street Analyst Weigh In

ADSK has been the subject of a number of recent analyst reports. Barclays lifted their price target on Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Hsbc Global Res downgraded Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Piper Sandler raised 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. KeyCorp upped their price objective on Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, HSBC downgraded Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $336.29.

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.