Legal & General Group Plc lifted its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,089,026 shares of the software company’s stock after purchasing an additional 69,668 shares during the period. Legal & General Group Plc owned about 0.99% of Autodesk worth $618,373,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Autodesk by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock valued at $6,362,192,000 after purchasing an additional 78,928 shares during the period. Amundi boosted its holdings in Autodesk by 3.0% in the third quarter. Amundi now owns 2,726,105 shares of the software company’s stock valued at $881,704,000 after purchasing an additional 79,171 shares during the period. Northern Trust Corp boosted its holdings in Autodesk by 0.4% in the third quarter. Northern Trust Corp now owns 2,517,683 shares of the software company’s stock valued at $799,792,000 after purchasing an additional 10,169 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Autodesk by 44,345.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock valued at $675,055,000 after purchasing an additional 2,275,384 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Autodesk by 11.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,218,256 shares of the software company’s stock valued at $387,044,000 after purchasing an additional 120,523 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.
Autodesk Price Performance
Shares of NASDAQ ADSK opened at $240.99 on Tuesday. The company has a market capitalization of $50.89 billion, a price-to-earnings ratio of 45.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $239.61 and a two-hundred day moving average of $261.86. Autodesk, Inc. has a 1 year low of $214.10 and a 1 year high of $329.09.
Analysts Set New Price Targets
A number of research analysts recently issued reports on ADSK shares. Rosenblatt Securities decreased their target price on Autodesk from $375.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Autodesk in a report on Wednesday, March 18th. Barclays decreased their price target on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Wolfe Research lifted their price target on Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $332.21.
Read Our Latest Stock Report on Autodesk
Autodesk Company Profile
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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