Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,062 shares of the software company’s stock after acquiring an additional 394 shares during the period. Meeder Advisory Services Inc.’s holdings in Autodesk were worth $1,496,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after purchasing an additional 119,034 shares during the period. State Street Corp boosted its holdings in shares of Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the period. Geode Capital Management LLC grew its position in shares of Autodesk by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after acquiring an additional 45,623 shares during the last quarter. Principal Financial Group Inc. increased 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 worth $603,947,000 after acquiring an additional 245,816 shares during the period. Finally, Norges Bank bought a new stake in Autodesk in the 4th quarter valued at about $632,566,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. KeyCorp upped their target price on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Morgan Stanley raised their target price on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Macquarie reiterated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Barclays raised their price target on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $267.93 on Thursday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a market capitalization of $57.07 billion, a price-to-earnings ratio of 53.16, a PEG 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. The stock’s fifty day simple moving average is $282.10 and its 200 day simple moving average is $288.42.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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.