Harvest Fund Management Co. Ltd Buys 3,462 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Harvest Fund Management Co. Ltd grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 25.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,264 shares of the software company’s stock after acquiring an additional 3,462 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Autodesk were worth $5,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vinva Investment Management Ltd bought a new position in shares of Autodesk during the 4th quarter valued at approximately $2,893,000. Platinum Investment Management Ltd. boosted its holdings in Autodesk by 153.9% in the 4th quarter. Platinum Investment Management Ltd. now owns 4,336 shares of the software company’s stock worth $1,282,000 after buying an additional 2,628 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Autodesk by 90.9% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,730 shares of the software company’s stock worth $812,000 after buying an additional 1,300 shares during the period. Enhancing Capital LLC bought a new position in Autodesk in the 4th quarter worth approximately $467,000. Finally, Xponance Inc. boosted its holdings in Autodesk by 0.4% in the 4th quarter. Xponance Inc. now owns 49,291 shares of the software company’s stock worth $14,569,000 after buying an additional 218 shares during the period. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. KeyCorp raised their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Macquarie reissued an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Bank of America raised their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Price Performance

Shares of Autodesk stock opened at $259.95 on Wednesday. The firm has a market cap of $55.37 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $287.48 and its two-hundred day simple moving average is $287.83.

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.