Arrowstreet Capital Limited Partnership Purchases 304,287 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Arrowstreet Capital Limited Partnership boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,508,746 shares of the software company’s stock after buying an additional 304,287 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.70% of Autodesk worth $445,940,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC raised its position in Autodesk by 100.0% during 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 during the period. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk in the fourth quarter valued at $30,000. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Autodesk in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ADSK. Barclays upped their target price on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Morgan Stanley boosted their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Finally, UBS Group boosted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK stock opened at $261.63 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The business’s fifty day simple moving average is $284.01 and its 200-day simple moving average is $288.34. 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 $55.73 billion, a PE ratio of 51.91, a PEG ratio of 2.94 and a beta of 1.51.

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.