TIAA Trust National Association Acquires 95 Shares of Autodesk, Inc. (NASDAQ:ADSK)

TIAA Trust National Association lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,644 shares of the software company’s stock after purchasing an additional 95 shares during the quarter. TIAA Trust National Association’s holdings in Autodesk were worth $782,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ADSK. FineMark National Bank & Trust boosted its stake in shares of Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company’s stock worth $998,000 after buying an additional 42 shares during the last quarter. Ashton Thomas Securities LLC boosted its position in Autodesk by 3.9% during the fourth quarter. Ashton Thomas Securities LLC now owns 3,972 shares of the software company’s stock valued at $1,174,000 after purchasing an additional 150 shares during the last quarter. Napean Trading & Investment Co Singapore PTE Ltd bought a new position in Autodesk in the fourth quarter valued at approximately $3,241,000. Corebridge Financial Inc. increased its position in shares of Autodesk by 0.4% during the 4th quarter. Corebridge Financial Inc. now owns 72,152 shares of the software company’s stock worth $21,326,000 after purchasing an additional 268 shares during the last quarter. Finally, Twin City Private Wealth LLC raised its stake in shares of Autodesk by 3.8% during the 4th quarter. Twin City Private Wealth LLC now owns 2,771 shares of the software company’s stock worth $819,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.5 %

Shares of ADSK opened at $269.81 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $57.47 billion, a PE ratio of 53.53, a P/E/G ratio of 2.94 and a beta of 1.51. The firm’s 50 day moving average is $284.61 and its 200-day moving average is $288.08. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Analyst Ratings Changes

ADSK has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Stifel Nicolaus dropped their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Bank of America lifted their price target on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley upped their price objective on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.