Korea Investment CORP Has $52.81 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Korea Investment CORP decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178,679 shares of the software company’s stock after selling 20,330 shares during the period. Korea Investment CORP owned about 0.08% of Autodesk worth $52,812,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Starboard Value LP acquired a new stake in shares of Autodesk during the 3rd quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. boosted its holdings in Autodesk by 196.2% during 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 in the last quarter. Brookstone Capital Management grew its stake in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $20,087,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Autodesk during the 4th quarter worth approximately $13,906,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley upped their price target on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Stifel Nicolaus cut their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Barclays upped their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Price Performance

Shares of ADSK stock opened at $269.81 on Friday. The firm’s 50 day moving average price is $284.61 and its two-hundred day moving average price is $288.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a market cap of $57.47 billion, a PE ratio of 53.53, a PEG ratio of 2.94 and a beta of 1.51.

Insider Transactions at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were purchased 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 $534,200. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.