Teacher Retirement System of Texas Acquires 49,203 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Teacher Retirement System of Texas increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 45.9% during the 4th quarter, HoldingsChannel reports. The firm owned 156,321 shares of the software company’s stock after buying an additional 49,203 shares during the period. Teacher Retirement System of Texas’ holdings in Autodesk were worth $46,204,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC increased its position in Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after purchasing an additional 35 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after buying an additional 35 shares during the period. Grove Bank & Trust boosted its stake in 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 buying an additional 37 shares during the period. Journey Strategic Wealth LLC boosted its stake in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after buying an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 buying an additional 38 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ADSK shares. Robert W. Baird dropped their price objective on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Barclays lifted their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets boosted their target price on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus lowered their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Performance

Shares of Autodesk stock opened at $267.82 on Friday. The company has a market capitalization of $57.05 billion, a PE ratio of 53.14, a P/E/G ratio of 2.94 and a beta of 1.51. 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 company has a 50-day simple moving average of $286.35 and a two-hundred day simple moving average of $287.55. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

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.