Mutual of America Capital Management LLC Has $7.61 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Mutual of America Capital Management LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,753 shares of the software company’s stock after selling 771 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Autodesk were worth $7,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Starboard Value LP acquired a new position in Autodesk during the 3rd quarter worth about $510,189,000. Massachusetts Financial Services Co. MA lifted its holdings 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 worth $156,296,000 after buying an additional 452,728 shares during the period. Franklin Resources Inc. lifted its holdings in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares during the period. State Street Corp lifted its holdings in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings 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 worth $603,947,000 after buying an additional 245,816 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK opened at $274.23 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day moving average price of $296.63 and a two-hundred day moving average price of $287.42. The firm has a market capitalization of $58.96 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Analyst Ratings Changes

ADSK has been the subject of several research analyst reports. KeyCorp lifted their price objective on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday. Scotiabank initiated coverage on Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective for the company. Morgan Stanley lifted their price objective on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird lowered their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.