Taikang Asset Management Hong Kong Co Ltd Has $4.75 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Taikang Asset Management Hong Kong Co Ltd reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 58.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,055 shares of the software company’s stock after selling 22,455 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Autodesk were worth $4,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Starboard Value LP acquired a new stake in Autodesk during the third quarter worth approximately $510,189,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Autodesk during the fourth quarter worth $154,408,000. Raymond James Financial Inc. acquired a new stake in shares of Autodesk in the 4th quarter worth about $116,828,000. Franklin Resources Inc. lifted its holdings 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 purchasing an additional 387,309 shares in the last quarter. Finally, State Street Corp lifted its stake in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK opened at $269.19 on Tuesday. The stock has a market capitalization of $57.34 billion, a PE ratio of 53.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The stock’s 50 day moving average price is $285.68 and its 200-day moving average price is $288.17. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ADSK shares. DA Davidson lifted their target price on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Finally, Robert W. Baird decreased their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a 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 company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average price target 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.