Massachusetts Financial Services Co. MA Has $849.86 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Massachusetts Financial Services Co. MA boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 406.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,875,320 shares of the software company’s stock after purchasing an additional 2,307,960 shares during the period. Massachusetts Financial Services Co. MA owned about 1.34% of Autodesk worth $849,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. Meeder Advisory Services Inc. raised its position in Autodesk by 8.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 5,062 shares of the software company’s stock valued at $1,496,000 after buying an additional 394 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Autodesk by 39.8% during the 4th quarter. Groupama Asset Managment now owns 12,325 shares of the software company’s stock worth $3,667,000 after acquiring an additional 3,510 shares in the last quarter. OV Management LLC raised its holdings in shares of Autodesk by 6.0% in the fourth quarter. OV Management LLC now owns 7,020 shares of the software company’s stock valued at $2,075,000 after purchasing an additional 395 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after purchasing an additional 45,623 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in Autodesk by 6.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,528 shares of the software company’s stock worth $1,057,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $264.61 on Wednesday. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50-day simple moving average is $282.77 and its 200 day simple moving average is $288.57. The firm has a market cap of $56.36 billion, a price-to-earnings ratio of 52.50, a P/E/G ratio of 2.94 and a beta of 1.51.

Insider Transactions at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The shares were 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 directly owns 3,003 shares of the company’s stock, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ADSK shares. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. KeyCorp upped their target price on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Robert W. Baird decreased their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Barclays upped their price objective on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.