Mufg Securities Americas Inc. Makes New $938,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Mufg Securities Americas Inc. acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,174 shares of the software company’s stock, valued at approximately $938,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in 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 in the last quarter. Geode Capital Management LLC increased its holdings in Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock valued at $1,391,145,000 after buying an additional 45,623 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after buying an additional 2,307,960 shares during the period. Northern Trust Corp increased its holdings in Autodesk by 20.6% in the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock valued at $727,933,000 after buying an additional 420,838 shares during the period. Finally, Invesco Ltd. increased its holdings in Autodesk by 8.7% in the 4th quarter. Invesco Ltd. now owns 2,383,255 shares of the software company’s stock valued at $704,419,000 after buying an additional 191,666 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent analyst reports. DA Davidson decreased their target price on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. KeyCorp decreased their target price on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Oppenheimer reissued an “outperform” rating on shares of Autodesk in a report on Thursday, April 24th. Barclays decreased their target price on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Robert W. Baird decreased their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.36.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $802,671.87. The trade was a 44.95% decrease in their position. The transaction was disclosed in a legal 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 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 approximately $534,200. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Autodesk Trading Down 0.5%

ADSK opened at $295.54 on Thursday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $63.23 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 2.94 and a beta of 1.47. The company’s 50 day moving average price is $265.73 and its two-hundred day moving average price is $286.31.

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.