105,879 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 105,879 shares of the software company’s stock, valued at approximately $31,502,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its stake in shares of Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Autodesk in the 4th quarter worth $13,906,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Autodesk by 25.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock valued at $88,711,000 after purchasing an additional 60,963 shares in the last quarter. GAM Holding AG purchased a new position in shares of Autodesk during the fourth quarter valued at about $3,453,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Autodesk by 8.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company’s stock worth $38,205,000 after buying an additional 9,877 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction that occurred on 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 owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Down 0.5%

ADSK stock opened at $295.54 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 $63.23 billion, a price-to-earnings ratio of 58.64, a P/E/G ratio of 2.94 and a beta of 1.47. 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 moving average is $265.73 and its two-hundred day moving average is $286.31.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research analyst reports. Bank of America upped their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Barclays lowered their price objective on Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Citigroup reduced their target price 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. Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Finally, DA Davidson decreased their target price on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $321.36.

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.