United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,500 shares of the software company’s stock, valued at approximately $443,000.

A number of other hedge funds have also modified their holdings of the business. Starboard Value LP acquired a new position in Autodesk in the 3rd quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after purchasing an additional 5,365 shares during the period. Brookstone Capital Management raised its stake in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Autodesk during the third quarter worth $20,087,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Autodesk in the 4th quarter valued at $13,906,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 0.7 %

ADSK opened at $271.21 on Thursday. The firm has a market cap of $57.77 billion, a P/E ratio of 53.81, a PEG ratio of 2.94 and a beta of 1.51. The business’s fifty day simple moving average is $285.01 and its 200 day simple moving average is $288.21. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week 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.

Analyst Upgrades and Downgrades

ADSK has been the subject of several recent analyst reports. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. DA Davidson raised their price objective on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Morgan Stanley boosted their target price on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Bank of America raised their price target on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a report on Friday, November 29th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.29.

Insiders Place Their Bets

In other news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price 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. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is 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.