1,123 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,123 shares of the software company’s stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Starboard Value LP bought a new stake in Autodesk during the 3rd quarter valued at $510,189,000. Massachusetts Financial Services Co. MA raised its position in Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after purchasing an additional 452,728 shares in the last quarter. Franklin Resources Inc. raised its position in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after purchasing an additional 387,309 shares in the last quarter. State Street Corp raised its position in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. UBS Group lifted their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, KeyCorp lifted their price target on Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $338.43.

Autodesk Stock Performance

Shares of ADSK stock opened at $267.24 on Thursday. The stock has a market cap of $57.46 billion, a PE ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The business has a 50-day simple moving average of $294.76 and a 200-day simple moving average of $287.56. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

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.