100 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. 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 Securities and Exchange Commission (SEC). The firm acquired 100 shares of the software company’s stock, valued at approximately $30,000.

Several other hedge funds have also added to or reduced their stakes in ADSK. Starboard Value LP purchased a new position in shares of Autodesk during the 3rd quarter valued at $510,189,000. China Universal Asset Management Co. Ltd. lifted its holdings in Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Brookstone Capital Management boosted its position in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after purchasing an additional 26,768 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Autodesk in the third quarter worth about $20,087,000. Finally, Bank of Montreal Can raised its position in shares of Autodesk by 8.7% in the third quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after purchasing an additional 73,363 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADSK. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Piper Sandler upgraded 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. Barclays increased their price objective on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. DA Davidson upped their price target on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Finally, Scotiabank cut their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Performance

NASDAQ:ADSK opened at $273.08 on Wednesday. The company has a market capitalization of $58.17 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 2.94 and a beta of 1.51. The business has a 50 day moving average of $285.41 and a 200 day moving average of $288.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

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.