Sava Infond d.o.o. Buys New Stake in Autodesk, Inc. (NASDAQ:ADSK)

Sava Infond d.o.o. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,000 shares of the software company’s stock, valued at approximately $2,365,000.

A number of other large investors have also made changes to their positions in ADSK. Elo Mutual Pension Insurance Co increased its holdings in shares of Autodesk by 14.7% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 21,825 shares of the software company’s stock valued at $6,451,000 after acquiring an additional 2,802 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Autodesk by 8.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 354,639 shares of the software company’s stock worth $104,285,000 after purchasing an additional 27,131 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Autodesk during the 4th quarter valued at approximately $443,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the fourth quarter worth $30,000. Finally, UNIVEST FINANCIAL Corp lifted its stake in shares of Autodesk by 8.0% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 12,719 shares of the software company’s stock worth $3,759,000 after buying an additional 937 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

ADSK stock opened at $271.21 on Thursday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The business has a fifty day moving average of $285.01 and a two-hundred day moving average of $288.21. The stock has a market cap of $57.77 billion, a price-to-earnings ratio of 53.81, 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.

Insider Activity at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated 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 purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley boosted their price target on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Scotiabank cut their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Finally, Barclays boosted their price target on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” 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 data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target 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.