Autodesk, Inc. (NASDAQ:ADSK) Position Increased by Plato Investment Management Ltd

Plato Investment Management Ltd increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,972 shares of the software company’s stock after acquiring an additional 998 shares during the period. Plato Investment Management Ltd’s holdings in Autodesk were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday. Morgan Stanley raised their price target on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.43.

Autodesk Stock Down 0.8 %

Shares of ADSK opened at $272.03 on Tuesday. The stock has a market cap of $58.49 billion, a price-to-earnings ratio of 53.97, a P/E/G ratio of 2.94 and a beta of 1.43. 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 12 month low of $195.32 and a 12 month high of $326.62. The company has a 50-day moving average price of $296.12 and a two-hundred day moving average price of $287.57.

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.