Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,715 shares of the software company’s stock after selling 1,186 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Autodesk were worth $13,512,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. iA Global Asset Management Inc. boosted its position in shares of Autodesk by 5.5% during the 4th quarter. iA Global Asset Management Inc. now owns 23,173 shares of the software company’s stock worth $6,849,000 after purchasing an additional 1,205 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Autodesk by 45.9% during the 4th quarter. Teacher Retirement System of Texas now owns 156,321 shares of the software company’s stock worth $46,204,000 after purchasing an additional 49,203 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Autodesk by 22.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 583,985 shares of the software company’s stock worth $172,608,000 after purchasing an additional 108,830 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Autodesk by 25.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 17,264 shares of the software company’s stock worth $5,103,000 after purchasing an additional 3,462 shares in the last quarter. Finally, Vinva Investment Management Ltd purchased a new stake in shares of Autodesk during the 4th quarter worth $2,893,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ADSK. Scotiabank decreased their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday. Wells Fargo & Company boosted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research report on Friday, November 29th. Finally, UBS Group boosted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Trading Down 0.2 %

NASDAQ ADSK opened at $267.82 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a 50-day moving average of $286.35 and a 200-day moving average of $287.55. 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 company has a market cap of $57.05 billion, a P/E ratio of 53.14, a P/E/G 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.