TIAA Trust National Association Purchases 95 Shares of Autodesk, Inc. (NASDAQ:ADSK)

TIAA Trust National Association raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,644 shares of the software company’s stock after purchasing an additional 95 shares during the period. TIAA Trust National Association’s holdings in Autodesk were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Starboard Value LP acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. boosted its position in Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after buying an additional 26,768 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Autodesk during the third quarter worth $20,087,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Autodesk in the 4th quarter valued at $13,906,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Bank of America lifted their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. Finally, Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Seven 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

Insider Activity

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

Autodesk Stock Down 0.5 %

Shares of NASDAQ ADSK opened at $269.81 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $57.47 billion, a PE ratio of 53.53, a P/E/G ratio of 2.94 and a beta of 1.51. The company’s fifty day simple moving average is $284.61 and its 200 day simple moving average is $288.08. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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.