Czech National Bank increased its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 4.1% in the 2nd quarter, Holdings Channel reports. The fund owned 60,100 shares of the software company’s stock after buying an additional 2,363 shares during the quarter. Czech National Bank’s holdings in Autodesk were worth $11,685,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after purchasing an additional 147 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Autodesk by 98.1% during the second quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Autodesk during the second quarter valued at approximately $466,000. Baird Financial Group Inc. lifted its holdings in shares of Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock valued at $3,111,000 after purchasing an additional 701 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after purchasing an additional 2,795 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.
Autodesk Trading Up 2.7%
NASDAQ:ADSK opened at $249.08 on Friday. The stock has a market cap of $52.56 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 1.53 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average price is $214.54 and its 200-day moving average price is $232.63. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ADSK. Piper Sandler cut their price target on Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Royal Bank Of Canada lowered their price objective on Autodesk from $335.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Morgan Stanley dropped their target price on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Rosenblatt Securities reissued a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. Finally, DA Davidson restated a “buy” rating and set a $325.00 price target on shares of Autodesk in a report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $323.40.
View Our Latest Stock Report on ADSK
Insiders Place Their Bets
In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the completion of the purchase, the director directly owned 26,517 shares of the company’s stock, valued at $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 7,935 shares of company stock valued at $1,666,644. Corporate insiders own 0.14% of the company’s stock.
About Autodesk
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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