3,174 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,174 shares of the software company's stock, valued at approximately $938,000.

Several other large investors also recently made changes to their positions in ADSK. Massachusetts Financial Services Co. MA increased its position in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Norges Bank acquired a new position in Autodesk during the fourth quarter worth $632,566,000. Farallon Capital Management LLC acquired a new position in Autodesk during the fourth quarter worth $544,381,000. Janus Henderson Group PLC boosted its holdings in Autodesk by 43.7% during the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after purchasing an additional 670,699 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Autodesk by 45.1% during the fourth quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company's stock worth $621,535,000 after purchasing an additional 653,868 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ADSK shares. UBS Group increased their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Oppenheimer restated an "outperform" rating on shares of Autodesk in a report on Thursday, April 24th. DA Davidson reduced their target price on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Bank of America increased 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $321.32.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded up $2.30 during mid-day trading on Friday, reaching $298.08. 1,901,492 shares of the company were exchanged, compared to its average volume of 1,622,887. The company's 50-day simple moving average is $267.62 and its 200-day simple moving average is $286.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $63.77 billion, a P/E ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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.