OFI Invest Asset Management Acquires New Position in Autodesk, Inc. (NASDAQ:ADSK)

OFI Invest Asset Management bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,272 shares of the software company's stock, valued at approximately $2,932,000.

A number of other large investors have also added to or reduced their stakes in the stock. Starboard Value LP bought a new position in Autodesk during the third quarter worth about $510,189,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Autodesk during the fourth quarter worth $154,408,000. Massachusetts Financial Services Co. MA grew its position in shares of Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock valued at $156,296,000 after purchasing an additional 452,728 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Autodesk during the 4th quarter worth about $116,828,000. Finally, Franklin Resources Inc. boosted its stake in Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock worth $413,405,000 after purchasing an additional 387,309 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 2.0 %

NASDAQ:ADSK traded down $4.92 during mid-day trading on Thursday, hitting $246.93. 1,498,206 shares of the company's stock were exchanged, compared to its average volume of 1,585,497. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The business has a fifty day moving average price of $290.46 and a 200 day moving average price of $287.65. The company has a market cap of $52.60 billion, a PE ratio of 48.99, 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.

Remove Ads

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADSK shares. Robert W. Baird cut their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Citigroup decreased their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. HSBC cut Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. Morgan Stanley raised their price target on Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $338.43.

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.