9,724 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,724 shares of the software company’s stock, valued at approximately $2,893,000.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Autodesk in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC raised its position 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 valued at $30,000 after acquiring an additional 50 shares during the last quarter. Addison Advisors LLC raised its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the 4th quarter valued at $37,000. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk during the 4th quarter valued at $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 3.2 %

Autodesk stock opened at $268.30 on Thursday. The firm has a 50-day moving average of $286.92 and a 200-day moving average of $287.69. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. 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 company has a market cap of $57.15 billion, a price-to-earnings ratio of 53.23, a P/E/G ratio of 2.94 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup dropped their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. DA Davidson upped their target price on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. KeyCorp upped their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. 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 has an average rating of “Moderate Buy” and a consensus price target 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.