Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,715 shares of the software company’s stock after selling 1,186 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Autodesk were worth $13,512,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. iA Global Asset Management Inc. increased its position in Autodesk by 5.5% during the 4th quarter. iA Global Asset Management Inc. now owns 23,173 shares of the software company’s stock worth $6,849,000 after purchasing an additional 1,205 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Autodesk by 45.9% in the 4th quarter. Teacher Retirement System of Texas now owns 156,321 shares of the software company’s stock worth $46,204,000 after acquiring an additional 49,203 shares during the period. Royal London Asset Management Ltd. boosted its holdings in Autodesk by 22.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 583,985 shares of the software company’s stock worth $172,608,000 after acquiring an additional 108,830 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in 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 acquiring an additional 3,462 shares during the period. Finally, Vinva Investment Management Ltd purchased a new position in Autodesk in the 4th quarter worth approximately $2,893,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $267.82 on Friday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average price is $286.35 and its two-hundred day moving average price is $287.55. The firm has a market capitalization of $57.05 billion, a PE ratio of 53.14, a P/E/G ratio of 2.94 and a beta of 1.51.

Analyst Ratings Changes

A number of research firms have weighed in on ADSK. Morgan Stanley upped their price target on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Macquarie reiterated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Finally, KeyCorp increased their target price on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note 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 stock. According to data from MarketBeat, the stock 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.