Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 153.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,336 shares of the software company's stock after buying an additional 2,628 shares during the period. Platinum Investment Management Ltd.'s holdings in Autodesk were worth $1,282,000 as of its most recent SEC filing.

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

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Autodesk Price Performance

NASDAQ:ADSK traded down $0.57 during mid-day trading on Friday, hitting $267.25. 2,014,212 shares of the company's stock traded hands, compared to its average volume of 1,592,655. 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 company has a market cap of $56.92 billion, a PE ratio of 53.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The firm's 50 day simple moving average is $285.99 and its 200 day simple moving average is $287.82. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Wall Street Analyst Weigh In

ADSK has been the subject of several analyst reports. BMO Capital Markets upped their price objective on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Macquarie reaffirmed an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. UBS Group boosted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. KeyCorp raised their target price on shares of Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Bank of America boosted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $336.29.

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.