Intech Investment Management LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,759 shares of the software company's stock after purchasing an additional 1,040 shares during the period. Intech Investment Management LLC's holdings in Autodesk were worth $4,067,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of ADSK. Principal Financial Group Inc. grew its stake in shares of Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Empowered Funds LLC grew its position in Autodesk by 26.0% in the third quarter. Empowered Funds LLC now owns 4,743 shares of the software company's stock valued at $1,307,000 after purchasing an additional 979 shares in the last quarter. Quest Partners LLC acquired a new stake in Autodesk in the 3rd quarter valued at $760,000. Caprock Group LLC lifted its position in Autodesk by 10.2% during the 3rd quarter. Caprock Group LLC now owns 4,266 shares of the software company's stock worth $1,175,000 after buying an additional 394 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of 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 and hedge funds.
Analyst Ratings Changes
ADSK has been the topic of a number of recent research reports. Hsbc Global Res downgraded Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Robert W. Baird dropped their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Macquarie reissued an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Rosenblatt Securities restated a "buy" rating and set a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Finally, Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and increased their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and an average target price of $336.29.
Read Our Latest Report on Autodesk
Autodesk Trading Up 0.7 %
NASDAQ ADSK traded up $1.94 on Monday, reaching $269.19. The company had a trading volume of 1,660,352 shares, compared to its average volume of 1,592,926. The firm has a market cap of $57.34 billion, a price-to-earnings ratio of 53.41, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The business has a 50 day moving average of $285.99 and a two-hundred day moving average of $288.05.
About Autodesk
(
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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