Napean Trading & Investment Co Singapore PTE Ltd Purchases Shares of 10,966 Autodesk, Inc. (NASDAQ:ADSK)

Napean Trading & Investment Co Singapore PTE Ltd purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,966 shares of the software company’s stock, valued at approximately $3,241,000.

Other institutional investors have also recently bought and sold shares of the company. Starboard Value LP acquired a new stake in Autodesk during the third quarter valued at $510,189,000. China Universal Asset Management Co. Ltd. grew its stake in shares of Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after acquiring an additional 5,365 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Autodesk during the third quarter valued at approximately $20,087,000. Finally, Bank of Montreal Can lifted its holdings in shares of Autodesk by 8.7% during the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock worth $248,385,000 after acquiring an additional 73,363 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.2 %

Shares of Autodesk stock opened at $267.25 on Monday. The stock has a market capitalization of $56.92 billion, a PE ratio of 53.03, a P/E/G ratio of 2.94 and a beta of 1.51. 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’s fifty day simple moving average is $285.99 and its 200-day simple moving average is $288.05. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Analysts Set New Price Targets

Several research analysts have recently commented on ADSK shares. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. HSBC downgraded 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. Macquarie reissued an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Citigroup lowered their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Scotiabank cut their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk 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.