OVERSEA CHINESE BANKING Corp Ltd Acquires 1,300 Shares of Autodesk, Inc. (NASDAQ:ADSK)

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 90.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,730 shares of the software company’s stock after acquiring an additional 1,300 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Autodesk were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ADSK. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth about $25,000. Tradewinds Capital Management LLC increased its stake in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the 4th quarter worth about $37,000. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk in the 4th quarter worth about $39,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Up 3.2 %

Autodesk stock opened at $268.30 on Thursday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market cap of $57.15 billion, a PE ratio of 53.23, a PEG ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business’s 50-day simple moving average is $286.92 and its two-hundred day simple moving average is $287.69.

Analyst Ratings Changes

Several brokerages recently commented on ADSK. DA Davidson increased 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. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Barclays increased their price objective on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus cut their price objective on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $336.29.

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.