Norinchukin Bank The Buys 1,332 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Norinchukin Bank The lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,379 shares of the software company's stock after purchasing an additional 1,332 shares during the quarter. Norinchukin Bank The's holdings in Autodesk were worth $3,659,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC increased its stake in Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after buying an additional 35 shares during the period. Y.D. More Investments Ltd raised its holdings in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust lifted its position in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after purchasing an additional 37 shares during the period. Journey Strategic Wealth LLC grew its holdings in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock worth $106,000 after purchasing an additional 38 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADSK has been the topic of several research reports. Piper Sandler raised 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. Mizuho cut their price target on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Oppenheimer decreased their price objective on shares of Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. DA Davidson cut their target price on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus decreased their target price on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $321.36.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

Shares of Autodesk stock traded up $7.27 on Thursday, reaching $271.71. The stock had a trading volume of 1,303,258 shares, compared to its average volume of 1,643,805. The stock has a market cap of $57.87 billion, a P/E ratio of 53.91, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50-day moving average price is $265.57 and its two-hundred day moving average price is $286.59.

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.