OVERSEA CHINESE BANKING Corp Ltd grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,730 shares of the software company's stock after acquiring an additional 1,300 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Autodesk were worth $812,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after buying an additional 245,816 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Autodesk by 26.0% during the 3rd quarter. Empowered Funds LLC now owns 4,743 shares of the software company's stock worth $1,307,000 after acquiring an additional 979 shares during the period. Quest Partners LLC acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $760,000. Caprock Group LLC raised its stake in Autodesk by 10.2% in the 3rd quarter. Caprock Group LLC now owns 4,266 shares of the software company's stock valued at $1,175,000 after acquiring an additional 394 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in Autodesk by 28.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 196 shares of the software company's stock valued at $54,000 after purchasing an additional 44 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. KeyCorp upped their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Barclays upped their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Bank of America raised their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. UBS Group upped their target price on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Morgan Stanley lifted their price target on Autodesk from $375.00 to $385.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $336.29.
Check Out Our Latest Research Report on ADSK
Autodesk Price Performance
Shares of ADSK traded up $1.94 during midday trading on Monday, hitting $269.19. The company's stock had a trading volume of 1,660,352 shares, compared to its average volume of 1,592,926. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. 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 $57.34 billion, a price-to-earnings ratio of 53.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company's fifty day simple moving average is $285.99 and its two-hundred day simple moving average is $288.05.
Autodesk Company Profile
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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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