OFI Invest Asset Management Acquires Shares of 10,272 Autodesk, Inc. (NASDAQ:ADSK)

OFI Invest Asset Management acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,272 shares of the software company’s stock, valued at approximately $2,932,000.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Autodesk by 23.1% in the third quarter. Farther Finance Advisors LLC now owns 1,071 shares of the software company’s stock valued at $295,000 after purchasing an additional 201 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Autodesk by 8.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 2,578 shares of the software company’s stock worth $710,000 after buying an additional 194 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after buying an additional 245,816 shares during the period. Summit Global Investments boosted its stake in shares of Autodesk by 321.0% in the third quarter. Summit Global Investments now owns 3,675 shares of the software company’s stock valued at $1,012,000 after buying an additional 2,802 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Autodesk during the third quarter worth $7,445,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $259.75 on Friday. The stock has a fifty day moving average of $293.21 and a 200-day moving average of $287.69. The company has a market capitalization of $55.85 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a one year low of $195.32 and a one year 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.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADSK shares. Citigroup reduced their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Stifel Nicolaus decreased their price objective 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. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research report on Friday, November 29th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, UBS Group upped their price target on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $338.43.

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.