MML Investors Services LLC Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

MML Investors Services LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,003 shares of the software company's stock after purchasing an additional 10,054 shares during the period. MML Investors Services LLC's holdings in Autodesk were worth $22,169,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ADSK. China Universal Asset Management Co. Ltd. lifted its stake in shares of Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Brookstone Capital Management lifted its position in Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after buying an additional 26,768 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Autodesk during the fourth quarter worth about $13,906,000. Robeco Institutional Asset Management B.V. increased its position in shares of Autodesk by 25.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock valued at $88,711,000 after acquiring an additional 60,963 shares during the last quarter. Finally, GAM Holding AG purchased a new stake in shares of Autodesk in the 4th quarter valued at approximately $3,453,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK traded down $1.78 during mid-day trading on Friday, hitting $269.93. 1,308,090 shares of the company's stock were exchanged, compared to its average volume of 1,638,547. The firm has a market capitalization of $57.50 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The business's 50 day moving average is $264.95 and its two-hundred day moving average is $286.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley cut their price objective on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Mizuho lowered their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Barclays cut their target price on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.36.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction on Friday, March 28th. The shares were 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 $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Autodesk 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.