Elo Mutual Pension Insurance Co Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Elo Mutual Pension Insurance Co lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 14.7% in the fourth quarter, HoldingsChannel reports. The firm owned 21,825 shares of the software company’s stock after buying an additional 2,802 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Autodesk were worth $6,451,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the fourth quarter worth $25,000. Tradewinds Capital Management LLC raised its position in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk in the 4th quarter valued at about $30,000. Addison Advisors LLC grew its position in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the fourth quarter worth approximately $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost 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 approximately $534,200. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Stifel Nicolaus decreased their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. UBS Group increased their price objective on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Stock Down 0.5 %

ADSK opened at $269.81 on Friday. The business has a 50 day moving average price of $284.61 and a two-hundred day moving average price of $288.08. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a market cap of $57.47 billion, a PE ratio of 53.53, a P/E/G 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.

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.