Meiji Yasuda Asset Management Co Ltd. Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,722 shares of the software company’s stock after purchasing an additional 268 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Autodesk were worth $1,100,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Autodesk by 12.6% in 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 last quarter. Independent Advisor Alliance grew its position in Autodesk by 1.7% in the third quarter. Independent Advisor Alliance now owns 4,233 shares of the software company’s stock worth $1,166,000 after acquiring an additional 72 shares in the last quarter. FMR LLC increased its stake in Autodesk by 0.8% during the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after acquiring an additional 46,069 shares during the last quarter. Brooklyn Investment Group raised its position in Autodesk by 19.0% during the third quarter. Brooklyn Investment Group now owns 1,465 shares of the software company’s stock valued at $404,000 after purchasing an additional 234 shares during the period. Finally, Avestar Capital LLC lifted its stake in shares of Autodesk by 10.3% in the 3rd quarter. Avestar Capital LLC now owns 2,464 shares of the software company’s stock valued at $679,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $534,200. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Down 0.7 %

NASDAQ:ADSK opened at $271.21 on Thursday. The firm has a 50-day simple moving average of $285.01 and a 200-day simple moving average of $288.21. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market cap of $57.77 billion, a P/E ratio of 53.81, 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.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ADSK shares. Stifel Nicolaus cut their target price on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Scotiabank cut their price objective 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. Morgan Stanley lifted their price target on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Bank of America increased their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets boosted their target price on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.