Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,412 shares of the software company’s stock after buying an additional 580 shares during the quarter. MetLife Investment Management LLC’s holdings in Autodesk were worth $19,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter worth approximately $25,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the fourth quarter valued at $30,000. Addison Advisors LLC grew its position in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Autodesk in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.3 %

Autodesk stock opened at $259.47 on Friday. The firm has a market capitalization of $55.27 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a 50-day simple moving average of $268.04 and a 200-day simple moving average of $286.91. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup cut their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Oppenheimer cut their price objective on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lowered their target price on Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday. Macquarie restated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.59.

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.