13,641 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,641 shares of the software company’s stock, valued at approximately $4,032,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Independent Advisor Alliance increased its stake in Autodesk by 1.7% during the 3rd quarter. Independent Advisor Alliance now owns 4,233 shares of the software company’s stock worth $1,166,000 after purchasing an additional 72 shares in the last quarter. FMR LLC raised its holdings in Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after buying an additional 46,069 shares during the period. Brooklyn Investment Group lifted its stake in Autodesk by 19.0% in the third quarter. Brooklyn Investment Group now owns 1,465 shares of the software company’s stock valued at $404,000 after buying an additional 234 shares in the last quarter. Finally, Avestar Capital LLC boosted its holdings in shares of Autodesk by 10.3% in the third quarter. Avestar Capital LLC now owns 2,464 shares of the software company’s stock valued at $679,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price 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 in the company, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $271.21 on Thursday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market cap of $57.77 billion, a PE ratio of 53.81, a PEG 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 firm’s fifty day moving average price is $285.01 and its two-hundred day moving average price is $288.21.

Analyst Ratings Changes

ADSK has been the topic of several research reports. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. BMO Capital Markets increased their price target 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. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, DA Davidson boosted their target price on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

About Autodesk

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.