Teacher Retirement System of Texas Raises Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Teacher Retirement System of Texas increased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 45.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,321 shares of the software company's stock after acquiring an additional 49,203 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of Autodesk worth $46,204,000 at the end of the most recent reporting period.

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

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Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Macquarie reaffirmed an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Morgan Stanley raised their target price on shares of Autodesk from $375.00 to $385.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. KeyCorp lifted their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, DA Davidson boosted their price target on shares of Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $336.29.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded up $3.89 during midday trading on Tuesday, reaching $273.08. 1,068,308 shares of the company were exchanged, compared to its average volume of 1,592,683. The stock has a fifty day simple moving average of $285.68 and a 200 day simple moving average of $288.17. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $58.17 billion, a P/E ratio of 54.18, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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.