Generali Asset Management SPA SGR Makes New $10.46 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

Generali Asset Management SPA SGR purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 35,396 shares of the software company’s stock, valued at approximately $10,462,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC increased its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC increased its stake in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Autodesk in the fourth quarter valued at approximately $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk in the fourth quarter valued at approximately $39,000. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 2.4 %

ADSK opened at $260.62 on Tuesday. The company’s 50 day moving average is $288.10 and its 200-day moving average is $287.82. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year 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 company has a market cap of $55.51 billion, a P/E ratio of 51.71, a PEG ratio of 2.94 and a beta of 1.51.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research analyst reports. 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 report on Monday. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Oppenheimer increased their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Barclays increased their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk 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.