Norinchukin Bank The Buys 1,332 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Norinchukin Bank The increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,379 shares of the software company’s stock after buying an additional 1,332 shares during the quarter. Norinchukin Bank The’s holdings in Autodesk were worth $3,659,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Autodesk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock worth $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 buying an additional 45,623 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock worth $849,858,000 after buying an additional 2,307,960 shares in the last quarter. Invesco Ltd. raised its stake in shares of Autodesk by 8.7% in the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company’s stock valued at $704,419,000 after acquiring an additional 191,666 shares during the last quarter. Finally, Principal Financial Group Inc. boosted 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 in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.3 %

Autodesk stock opened at $259.47 on Friday. The firm has a market capitalization of $55.27 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.94 and a beta of 1.49. The company’s 50 day simple moving average is $268.04 and its 200 day simple moving average is $286.91. 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 fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. UBS Group raised their target price on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Stifel Nicolaus reduced their price target on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. Finally, Oppenheimer dropped their target price on shares of Autodesk from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.59.

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.