DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,761 Shares of Autodesk, Inc. (NASDAQ:ADSK)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,364 shares of the software company’s stock after selling 1,761 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Autodesk were worth $699,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its stake in 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 valued at $2,394,000 after purchasing an additional 5,365 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Autodesk in the 4th quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. raised its stake in 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 worth $88,711,000 after buying an additional 60,963 shares during the period. Finally, GAM Holding AG acquired a new stake in Autodesk during the 4th quarter worth $3,453,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price 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. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Morgan Stanley lowered their target price on Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Scotiabank cut their price target 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. Oppenheimer reiterated an “outperform” rating on shares of Autodesk in a report on Thursday, April 24th. Finally, Macquarie restated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.36.

Autodesk Stock Performance

Shares of ADSK stock opened at $287.48 on Monday. The company has a fifty day moving average price of $263.76 and a two-hundred day moving average price of $286.12. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market cap of $61.23 billion, a P/E ratio of 57.04, 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 current ratio of 0.65 and a quick ratio of 0.65.

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.