Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,779 shares of the software company’s stock after purchasing an additional 1,934 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Autodesk were worth $50,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Starboard Value LP bought a new stake in shares of Autodesk during the third quarter valued at approximately $510,189,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Autodesk during the fourth quarter valued at $154,408,000. Raymond James Financial Inc. bought a new stake in shares of Autodesk in the fourth quarter valued at about $116,828,000. Franklin Resources Inc. raised its stake in Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADSK. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. BMO Capital Markets increased their price objective on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. DA Davidson upped their price target on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Finally, Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $273.08 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $58.17 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 2.94 and a beta of 1.51. The firm’s 50 day simple moving average is $285.41 and its 200-day simple moving average is $288.33. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated 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 directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.