California Public Employees Retirement System Grows Holdings in Autodesk, Inc. (NASDAQ:ADSK)

California Public Employees Retirement System increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 926,528 shares of the software company’s stock after acquiring an additional 312 shares during the period. California Public Employees Retirement System’s holdings in Autodesk were worth $273,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RWA Wealth Partners LLC purchased a new position in shares of Autodesk in the 4th quarter worth about $211,000. Schroder Investment Management Group lifted its position in Autodesk by 20.7% in the 4th quarter. Schroder Investment Management Group now owns 116,046 shares of the software company’s stock worth $34,300,000 after buying an additional 19,892 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Autodesk by 25.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,508,746 shares of the software company’s stock worth $445,940,000 after buying an additional 304,287 shares during the last quarter. Allstate Corp purchased a new stake in Autodesk in the fourth quarter worth approximately $1,875,000. Finally, DnB Asset Management AS grew its position in Autodesk by 4.9% during the fourth quarter. DnB Asset Management AS now owns 38,921 shares of the software company’s stock valued at $11,504,000 after acquiring an additional 1,830 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ADSK. DA Davidson boosted their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Citigroup reduced their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Trading Down 3.0 %

ADSK opened at $261.63 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a market cap of $55.73 billion, a PE ratio of 51.91, a PEG ratio of 2.94 and a beta of 1.51. The business has a 50 day moving average of $284.01 and a 200-day moving average of $288.34.

Autodesk Company 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.