Plato Investment Management Ltd Purchases 998 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Plato Investment Management Ltd grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,972 shares of the software company’s stock after buying an additional 998 shares during the quarter. Plato Investment Management Ltd’s holdings in Autodesk were worth $2,068,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its stake in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares during the last quarter. Y.D. More Investments Ltd raised its position in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after purchasing an additional 35 shares during the last quarter. Grove Bank & Trust raised its position in Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares during the last quarter. Journey Strategic Wealth LLC raised its position in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after purchasing an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ADSK. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Bank of America boosted their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Scotiabank started coverage on shares of Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price for the company. Finally, Citigroup cut their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $338.43.

Autodesk Price Performance

ADSK opened at $272.03 on Tuesday. The company has a fifty day simple moving average of $296.12 and a 200 day simple moving average of $287.57. The stock has a market cap of $58.49 billion, a P/E ratio of 53.97, a P/E/G ratio of 2.94 and a beta of 1.43. 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 12 month low of $195.32 and a 12 month high of $326.62.

About Autodesk

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.