Tokio Marine Asset Management Co. Ltd. Purchases 508 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,558 shares of the software company’s stock after buying an additional 508 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Autodesk were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Algert Global LLC bought a new stake in Autodesk in the second quarter worth about $579,000. Czech National Bank grew its stake in shares of Autodesk by 7.7% during the 3rd quarter. Czech National Bank now owns 43,888 shares of the software company’s stock worth $12,090,000 after acquiring an additional 3,125 shares during the period. GAMMA Investing LLC increased its holdings in Autodesk by 26.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,653 shares of the software company’s stock worth $1,282,000 after acquiring an additional 984 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in Autodesk in the 3rd quarter valued at about $749,000. Finally, Aprio Wealth Management LLC lifted its holdings in Autodesk by 8.8% during the third quarter. Aprio Wealth Management LLC now owns 998 shares of the software company’s stock valued at $275,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group began coverage on Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Macquarie began coverage on shares of Autodesk in a research note on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Finally, Rosenblatt Securities upped their price target on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.50.

Autodesk Stock Up 0.4 %

Shares of Autodesk stock opened at $311.34 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company’s 50 day moving average price is $299.08 and its 200-day moving average price is $279.34. The stock has a market capitalization of $66.94 billion, a price-to-earnings ratio of 61.77, a P/E/G ratio of 3.59 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share. Equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.