Vinva Investment Management Ltd Invests $2.89 Million in Autodesk, Inc. (NASDAQ:ADSK)

Vinva Investment Management Ltd acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,724 shares of the software company's stock, valued at approximately $2,893,000.

Several other large investors have also recently bought and sold shares of the company. Starboard Value LP bought a new position in Autodesk in the third quarter valued at approximately $510,189,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Autodesk in the fourth quarter valued at about $154,408,000. Massachusetts Financial Services Co. MA lifted its stake in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock valued at $156,296,000 after buying an additional 452,728 shares during the period. Raymond James Financial Inc. bought a new position in Autodesk during the fourth quarter worth about $116,828,000. Finally, Franklin Resources Inc. boosted its holdings in Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock worth $413,405,000 after buying an additional 387,309 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Up 0.7 %

ADSK stock 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's fifty day moving average price is $285.99 and its 200 day moving average price is $288.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market capitalization of $57.34 billion, a P/E ratio of 53.41, a PEG ratio of 2.94 and a beta of 1.51.

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Wall Street Analyst Weigh In

ADSK has been the topic of a number of analyst reports. UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Macquarie reiterated an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Stifel Nicolaus reduced their price target on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, Barclays raised their price objective on Autodesk from $355.00 to $365.00 and gave the stock an "overweight" 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 stock. According to data from MarketBeat.com, Autodesk has an average 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.