Mitsubishi UFJ Asset Management Co. Ltd. Acquires 27,131 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 354,639 shares of the software company’s stock after acquiring an additional 27,131 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Autodesk were worth $104,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Autodesk during the fourth quarter worth $25,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk during the 4th quarter worth about $30,000. Addison Advisors LLC raised its position in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk in the fourth quarter valued at about $37,000. 90.24% of the stock is owned by institutional investors.

Insider Activity

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. UBS Group boosted their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Performance

Shares of Autodesk stock opened at $269.81 on Friday. 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 50 day simple moving average of $284.61 and a 200 day simple moving average of $288.08. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market cap of $57.47 billion, a P/E ratio of 53.53, a P/E/G 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.