Keystone Investors PTE Ltd. Has $2.91 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Keystone Investors PTE Ltd. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 28.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,850 shares of the software company’s stock after purchasing an additional 2,165 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Autodesk were worth $2,911,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Autodesk by 12.6% during 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. King Luther Capital Management Corp acquired a new position in Autodesk in the third quarter worth $204,000. Daiwa Securities Group Inc. lifted its position in Autodesk by 15.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 72,541 shares of the software company’s stock worth $19,984,000 after buying an additional 9,697 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Autodesk by 5.0% during the third quarter. Fisher Asset Management LLC now owns 515,731 shares of the software company’s stock valued at $142,074,000 after acquiring an additional 24,445 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Autodesk by 3.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 13,802 shares of the software company’s stock valued at $3,802,000 after acquiring an additional 404 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Activity

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. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.7 %

ADSK stock opened at $269.19 on Tuesday. The company has a market cap of $57.34 billion, a PE ratio of 53.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. 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 52 week low of $195.32 and a 52 week high of $326.62. The business has a 50-day simple moving average of $285.68 and a 200 day simple moving average of $288.17.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent analyst reports. Scotiabank lowered their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. KeyCorp raised their price objective on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. DA Davidson increased their price target on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Company 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.