Keystone Investors PTE Ltd. Buys 2,165 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Keystone Investors PTE Ltd. boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,850 shares of the software company’s stock after purchasing an additional 2,165 shares during the period. Keystone Investors PTE Ltd.’s holdings in Autodesk were worth $2,911,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. TIAA Trust National Association increased its holdings in Autodesk by 3.7% in the fourth quarter. TIAA Trust National Association now owns 2,644 shares of the software company’s stock valued at $782,000 after purchasing an additional 95 shares during the period. FineMark National Bank & Trust grew its position in shares of Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company’s stock valued at $998,000 after buying an additional 42 shares during the last quarter. Ashton Thomas Securities LLC raised its position in shares of Autodesk by 3.9% during the fourth quarter. Ashton Thomas Securities LLC now owns 3,972 shares of the software company’s stock worth $1,174,000 after acquiring an additional 150 shares during the last quarter. Napean Trading & Investment Co Singapore PTE Ltd acquired a new position in shares of Autodesk in the fourth quarter worth approximately $3,241,000. Finally, Corebridge Financial Inc. grew its holdings in Autodesk by 0.4% during the 4th quarter. Corebridge Financial Inc. now owns 72,152 shares of the software company’s stock worth $21,326,000 after acquiring an additional 268 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADSK. DA Davidson upped their target price on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. BMO Capital Markets increased their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Citigroup reduced their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Barclays raised their price target on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $336.29.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.7 %

Shares of NASDAQ:ADSK opened at $269.19 on Tuesday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock’s 50-day simple moving average is $285.68 and its two-hundred day simple moving average is $288.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $57.34 billion, a price-to-earnings ratio of 53.41, a PEG 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.