10,272 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by OFI Invest Asset Management

OFI Invest Asset Management purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,272 shares of the software company’s stock, valued at approximately $2,932,000.

Several other institutional investors have also bought and sold shares of ADSK. Mount Yale Investment Advisors LLC increased its position in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after acquiring an additional 37 shares during the period. Journey Strategic Wealth LLC raised its position in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after buying an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $259.75 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $55.85 billion, a PE ratio of 51.54, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a 50-day moving average price of $293.21 and a 200 day moving average price of $287.69.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADSK. Robert W. Baird decreased their price objective on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Scotiabank assumed coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $338.43.

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.