University of Texas Texas AM Investment Management Co. Buys Shares of 11,360 Autodesk, Inc. (NASDAQ:ADSK)

University of Texas Texas AM Investment Management Co. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,360 shares of the software company's stock, valued at approximately $3,358,000.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. Public Employees Retirement System of Ohio acquired a new position in shares of Autodesk in the fourth quarter valued at $29,152,000. Investment Management Corp VA ADV acquired a new stake in Autodesk during the fourth quarter worth approximately $29,000. Breed s Hill Capital LLC boosted its holdings in shares of Autodesk by 26.5% during the fourth 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 period. Vise Technologies Inc. increased its stake in shares of Autodesk by 25.9% during the fourth quarter. Vise Technologies Inc. now owns 6,704 shares of the software company's stock worth $1,981,000 after purchasing an additional 1,379 shares during the period. Finally, Novem Group bought a new position in shares of Autodesk during the fourth quarter worth approximately $794,000. Institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADSK. Citigroup upped their price objective on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price target 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. Mizuho cut their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. BMO Capital Markets raised their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a report on Friday, May 23rd. Finally, Macquarie reissued an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $337.45.

Autodesk Price Performance

Shares of NASDAQ ADSK traded up $0.96 during mid-day trading on Wednesday, hitting $301.32. 574,666 shares of the stock traded hands, compared to its average volume of 1,636,809. The firm has a 50 day simple moving average of $272.84 and a two-hundred day simple moving average of $286.47. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a market cap of $64.46 billion, a PE ratio of 59.79, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business'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 sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

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.