Public Employees Retirement System of Ohio Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Public Employees Retirement System of Ohio purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 98,630 shares of the software company's stock, valued at approximately $29,152,000.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. Golden State Wealth Management LLC bought a new position in Autodesk during the 4th quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new position in Autodesk during the 4th quarter valued at approximately $29,000. Tradewinds Capital Management LLC increased its position in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in Autodesk during the 4th quarter valued at approximately $30,000. Finally, Addison Advisors LLC increased its holdings 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 purchasing an additional 74 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on Friday, March 28th. The shares were 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 directly owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Autodesk Trading Down 0.7%

Shares of Autodesk stock traded down $2.22 during trading hours on Thursday, hitting $297.01. The company's stock had a trading volume of 450,650 shares, compared to its average volume of 1,634,837. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business has a fifty day moving average of $273.48 and a 200 day moving average of $286.56. The company has a market capitalization of $63.54 billion, a PE ratio of 59.06, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research reports. Morgan Stanley restated an "overweight" rating and issued a $370.00 price target (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. UBS Group raised their price target on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Barclays raised their price target on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Bank of America raised their price target on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $337.45.

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.