Generali Asset Management SPA SGR Takes $10.46 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Generali Asset Management SPA SGR bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,396 shares of the software company’s stock, valued at approximately $10,462,000.

A number of other hedge funds have also made changes to their positions in ADSK. State Street Corp increased its stake in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the period. FMR LLC increased its position in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after purchasing an additional 46,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock worth $657,292,000 after purchasing an additional 61,785 shares during the last quarter. Principal Financial Group Inc. increased its position 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 worth $603,947,000 after purchasing an additional 245,816 shares during the last quarter. Finally, Starboard Value LP bought a new stake in shares of Autodesk in the 3rd quarter worth about $510,189,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Scotiabank reduced 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. Morgan Stanley upped their price target on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Finally, KeyCorp boosted their target price on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Performance

NASDAQ ADSK opened at $260.62 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average is $288.10 and its two-hundred day moving average is $287.82. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a market capitalization of $55.51 billion, a price-to-earnings ratio of 51.71, a P/E/G ratio of 2.94 and a beta of 1.51.

Autodesk 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.