Synovus Financial Corp Has $3.88 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Synovus Financial Corp lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,139 shares of the software company’s stock after purchasing an additional 354 shares during the period. Synovus Financial Corp’s holdings in Autodesk were worth $3,883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its position in Autodesk by 196.2% during 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 buying an additional 5,365 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after acquiring an additional 26,768 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Autodesk in the 4th quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. raised its stake in Autodesk by 25.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock valued at $88,711,000 after acquiring an additional 60,963 shares during the period. Finally, GAM Holding AG acquired a new stake in Autodesk during the 4th quarter valued at $3,453,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ADSK shares. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. DA Davidson boosted their price objective on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. KeyCorp increased their target price on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Oppenheimer lowered their price objective on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $327.82.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. This represents a 44.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction 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 approximately $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $258.45 on Monday. The business has a fifty day simple moving average of $272.44 and a 200 day simple moving average of $287.38. The company has a market cap of $55.05 billion, a P/E ratio of 51.28, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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.