Taikang Asset Management Hong Kong Co Ltd Has $4.75 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Taikang Asset Management Hong Kong Co Ltd lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 58.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,055 shares of the software company’s stock after selling 22,455 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Autodesk were worth $4,745,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its position in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC increased its stake in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Autodesk during the 4th quarter worth about $37,000. Finally, Sierra Ocean LLC acquired a new position in shares of Autodesk during the 4th quarter worth about $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $269.19 on Tuesday. The company has a market capitalization of $57.34 billion, a P/E ratio of 53.41, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $285.68 and a two-hundred day moving average price of $288.17.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research report on Friday, November 29th. Stifel Nicolaus dropped their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Robert W. Baird lowered their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $336.29.

About Autodesk

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.