Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 583,985 shares of the software company's stock after purchasing an additional 108,830 shares during the quarter. Royal London Asset Management Ltd. owned 0.27% of Autodesk worth $172,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd boosted its holdings in shares of Autodesk by 25.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 17,264 shares of the software company's stock worth $5,103,000 after purchasing an additional 3,462 shares during the period. Vinva Investment Management Ltd purchased a new position in Autodesk during the fourth quarter worth $2,893,000. Platinum Investment Management Ltd. increased its position in Autodesk by 153.9% during the fourth quarter. Platinum Investment Management Ltd. now owns 4,336 shares of the software company's stock valued at $1,282,000 after acquiring an additional 2,628 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Autodesk by 90.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,730 shares of the software company's stock valued at $812,000 after acquiring an additional 1,300 shares during the period. Finally, Enhancing Capital LLC bought a new stake in shares of Autodesk in the 4th quarter worth about $467,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

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Autodesk Stock Performance

Shares of ADSK traded up $1.94 during trading hours on Monday, reaching $269.19. 1,660,352 shares of the company traded hands, 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. The business has a fifty day moving average price of $285.99 and a 200-day moving average price of $288.05. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $57.34 billion, a P/E ratio of 53.41, a P/E/G ratio of 2.94 and a beta of 1.51.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent analyst reports. Hsbc Global Res lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. HSBC downgraded Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. Mizuho upgraded Autodesk from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. KeyCorp increased their target price on Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Morgan Stanley lifted their target price on Autodesk from $375.00 to $385.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus target price of $336.29.

Autodesk Company 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.