UniSuper Management Pty Ltd Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

UniSuper Management Pty Ltd lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,359 shares of the software company’s stock after acquiring an additional 1,264 shares during the period. UniSuper Management Pty Ltd’s holdings in Autodesk were worth $12,520,000 as of its most recent SEC filing.

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

Autodesk Trading Down 0.5 %

Shares of ADSK stock opened at $269.81 on Friday. The firm’s fifty day simple moving average is $284.61 and its 200 day simple moving average is $288.08. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $57.47 billion, a P/E ratio of 53.53, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADSK. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Stifel Nicolaus reduced their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. Finally, Barclays upped their target price on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

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.