67,025 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, HoldingsChannel reports. The firm bought 67,025 shares of the software company’s stock, valued at approximately $19,832,000.

Other large investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC grew its position in Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after acquiring an additional 35 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after acquiring an additional 37 shares during the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of 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 acquiring an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position 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 valued at $106,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $245.51 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market capitalization of $52.29 billion, a P/E ratio of 48.71, a P/E/G ratio of 2.94 and a beta of 1.51. The stock has a 50 day moving average of $280.12 and a two-hundred day moving average of $288.20. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADSK. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Barclays lifted their target price on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price objective 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. Finally, Scotiabank lowered their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were bought 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 of the company’s stock, valued at approximately $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by company insiders.

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.