Royal London Asset Management Ltd. Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Royal London Asset Management Ltd. raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 22.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 583,985 shares of the software company’s stock after purchasing an additional 108,830 shares during the quarter. Royal London Asset Management Ltd. owned 0.27% of Autodesk worth $172,608,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the last quarter. Empowered Funds LLC lifted its holdings in Autodesk by 26.0% during the 3rd quarter. Empowered Funds LLC now owns 4,743 shares of the software company’s stock worth $1,307,000 after buying an additional 979 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Autodesk in the 3rd quarter valued at approximately $760,000. Caprock Group LLC raised its position in shares of Autodesk by 10.2% during the 3rd quarter. Caprock Group LLC now owns 4,266 shares of the software company’s stock valued at $1,175,000 after acquiring an additional 394 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Autodesk by 28.9% during the third quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock worth $54,000 after purchasing an additional 44 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Barclays increased their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Macquarie restated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Citigroup cut their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $268.30 on Thursday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year 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. The stock has a fifty day moving average price of $286.92 and a two-hundred day moving average price of $287.69. The firm has a market cap of $57.15 billion, a P/E ratio of 53.23, a PEG ratio of 2.94 and a beta of 1.51.

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.