SBI Securities Co. Ltd. Purchases Shares of 1,123 Autodesk, Inc. (NASDAQ:ADSK)

SBI Securities Co. 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. The firm purchased 1,123 shares of the software company’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Starboard Value LP purchased a new stake in shares of Autodesk in the third quarter worth $510,189,000. Massachusetts Financial Services Co. MA lifted its holdings in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after acquiring an additional 452,728 shares during the period. Franklin Resources Inc. lifted its holdings in Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after acquiring an additional 387,309 shares during the period. State Street Corp lifted its holdings in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the period. Finally, Principal Financial Group Inc. increased its position in Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after buying an additional 245,816 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $267.24 on Thursday. The firm has a market capitalization of $57.46 billion, a price-to-earnings ratio of 53.02, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The business has a 50 day simple moving average of $294.76 and a 200-day simple moving average of $287.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Wall Street Analyst Weigh In

A number of analysts have commented on ADSK shares. BMO Capital Markets upped their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. KeyCorp increased their target price on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Macquarie reiterated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $338.43.

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.