Vanguard Group Inc. increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,385,461 shares of the software company's stock after buying an additional 119,034 shares during the period. Vanguard Group Inc. owned 9.48% of Autodesk worth $6,025,331,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Starboard Value LP bought a new position in shares of Autodesk during the third quarter worth approximately $510,189,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Autodesk during the 4th quarter worth $154,408,000. Massachusetts Financial Services Co. MA increased its position in Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock worth $156,296,000 after buying an additional 452,728 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Autodesk in the fourth quarter valued at about $116,828,000. Finally, Franklin Resources Inc. grew its stake in shares of Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock valued at $413,405,000 after acquiring an additional 387,309 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.
Autodesk Stock Performance
NASDAQ ADSK traded down $0.07 on Thursday, hitting $271.14. 416,795 shares of the stock traded hands, compared to its average volume of 1,588,383. The business's fifty day moving average is $285.01 and its two-hundred day moving average is $288.21. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm has a market capitalization of $57.75 billion, a price-to-earnings ratio of 53.86, a PEG ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.
Insider Buying and Selling
In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of analysts have issued reports on ADSK shares. KeyCorp boosted 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. Stifel Nicolaus reduced their price target on Autodesk from $360.00 to $350.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Scotiabank dropped their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. 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, Mizuho upgraded Autodesk from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Seven equities research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $336.29.
Check Out Our Latest Report on Autodesk
Autodesk Profile
(
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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