Meiji Yasuda Asset Management Co Ltd. Purchases 268 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,722 shares of the software company’s stock after purchasing an additional 268 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Autodesk were worth $1,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Starboard Value LP bought a new position in shares of Autodesk during the third quarter valued at $510,189,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Autodesk during the 4th quarter valued at about $154,408,000. Raymond James Financial Inc. purchased a new stake in shares of Autodesk during the 4th quarter valued at about $116,828,000. Franklin Resources Inc. boosted its holdings in shares of Autodesk by 36.5% during the 3rd 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 grew its stake in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADSK. Morgan Stanley raised their target price on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Stifel Nicolaus dropped their price target on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. UBS Group raised their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Scotiabank reduced their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Down 0.7 %

NASDAQ ADSK opened at $271.21 on Thursday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $57.77 billion, a PE ratio of 53.81, a P/E/G ratio of 2.94 and a beta of 1.51. The stock’s 50 day moving average is $285.01 and its 200 day moving average is $288.21.

Insider Activity

In related news, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available 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.