Public Employees Retirement System of Ohio Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

Public Employees Retirement System of Ohio bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 98,630 shares of the software company’s stock, valued at approximately $29,152,000.

A number of other hedge funds have also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new position in Autodesk in the 4th quarter valued at approximately $29,000. Breed s Hill Capital LLC grew its holdings in Autodesk by 26.5% during the 4th quarter. Breed s Hill Capital LLC now owns 936 shares of the software company’s stock worth $277,000 after acquiring an additional 196 shares during the last quarter. Vise Technologies Inc. increased its position in Autodesk by 25.9% in the 4th quarter. Vise Technologies Inc. now owns 6,704 shares of the software company’s stock valued at $1,981,000 after acquiring an additional 1,379 shares during the period. Novem Group bought a new position in shares of Autodesk during the fourth quarter valued at $794,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Autodesk by 14.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,172 shares of the software company’s stock valued at $12,169,000 after acquiring an additional 5,212 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Autodesk Stock Up 0.1%

Autodesk stock opened at $295.35 on Friday. The company has a market capitalization of $63.19 billion, a PE ratio of 58.60, a PEG ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm’s fifty day moving average is $271.64 and its 200 day moving average is $286.69. 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

A number of analysts recently weighed in on ADSK shares. Royal Bank of Canada restated an “outperform” rating and issued a $345.00 price objective (up from $313.03) on shares of Autodesk in a report on Friday. Citigroup reiterated a “buy” rating and issued a $374.00 price target (up previously from $346.00) on shares of Autodesk in a research report on Tuesday. The Goldman Sachs Group raised their price objective on Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Oppenheimer reissued an “outperform” rating and set a $350.00 target price (up previously from $300.00) on shares of Autodesk in a research report on Friday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $337.18.

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.