10,966 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, HoldingsChannel reports. The fund purchased 10,966 shares of the software company’s stock, valued at approximately $3,241,000.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk in the fourth quarter valued at $25,000. Tradewinds Capital Management LLC raised its holdings in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $37,000. Finally, Sierra Ocean LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $39,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of Autodesk stock opened at $267.25 on Monday. The firm has a fifty day moving average price of $285.99 and a two-hundred day moving average price of $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 fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market cap of $56.92 billion, a PE ratio of 53.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Macquarie reiterated an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Citigroup reduced their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. KeyCorp lifted their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Stifel Nicolaus decreased their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $336.29.

About Autodesk

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.