Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Corebridge Financial Inc.

Corebridge Financial Inc. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.4% during the fourth quarter, Holdings Channel reports. The fund owned 72,152 shares of the software company’s stock after buying an additional 268 shares during the quarter. Corebridge Financial Inc.’s holdings in Autodesk were worth $21,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Starboard Value LP purchased a new stake in Autodesk in the 3rd quarter worth approximately $510,189,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Autodesk during the fourth quarter worth $154,408,000. Raymond James Financial Inc. acquired a new stake in Autodesk during the fourth quarter valued at $116,828,000. Franklin Resources Inc. increased its holdings in Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after buying an additional 387,309 shares in the last quarter. Finally, State Street Corp raised its position in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.7 %

Shares of ADSK stock opened at $269.19 on Tuesday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 2.94 and a beta of 1.51. The company’s 50-day moving average price is $285.68 and its 200-day moving average price is $288.17. 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 Upgrades and Downgrades

Several brokerages recently weighed in on ADSK. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. Barclays lifted their price target 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. DA Davidson upped their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Finally, Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently 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.