UNIVEST FINANCIAL Corp Acquires 937 Shares of Autodesk, Inc. (NASDAQ:ADSK)

UNIVEST FINANCIAL Corp grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,719 shares of the software company’s stock after buying an additional 937 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Autodesk were worth $3,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Starboard Value LP purchased a new position in shares of Autodesk in the third quarter worth $510,189,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Autodesk in the 4th quarter worth $154,408,000. Raymond James Financial Inc. purchased a new position in shares of Autodesk in the fourth quarter valued at about $116,828,000. Franklin Resources Inc. raised its stake in shares of Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after acquiring an additional 387,309 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ADSK. DA Davidson lifted their price target on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, February 28th. BMO Capital Markets boosted their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Scotiabank lowered their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Trading Up 1.4 %

Shares of ADSK opened at $273.08 on Wednesday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a 50 day simple moving average of $285.41 and a two-hundred day simple moving average of $288.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $58.17 billion, a P/E ratio of 54.18, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Insider Activity at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.