Glenmede Trust Co. NA grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,637 shares of the software company’s stock after buying an additional 3,361 shares during the quarter. Glenmede Trust Co. NA owned 0.06% of Autodesk worth $28,880,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Autodesk during the fourth quarter valued at about $867,480,000. Northwestern Mutual Wealth Management Co. lifted its stake in Autodesk by 44,345.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,280,515 shares of the software company’s stock worth $675,055,000 after purchasing an additional 2,275,384 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Autodesk by 46.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,989,372 shares of the software company’s stock worth $884,884,000 after purchasing an additional 952,343 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Autodesk by 103.5% in the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after purchasing an additional 950,149 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Autodesk by 80.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,103,376 shares of the software company’s stock valued at $503,521,000 after purchasing an additional 936,388 shares during the last quarter. 90.24% of the stock is owned by institutional investors.
Autodesk Trading Down 0.3%
NASDAQ:ADSK opened at $234.20 on Friday. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09. The stock has a market cap of $49.42 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 1.44 and a beta of 1.32. The company has a 50-day moving average price of $214.23 and a 200-day moving average price of $233.57. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ADSK. UBS Group reissued a “buy” rating on shares of Autodesk in a report on Friday, May 29th. Guggenheim assumed coverage on shares of Autodesk in a research note on Wednesday, July 22nd. They set a “buy” rating and a $245.00 price target on the stock. Zacks Research lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Citigroup boosted their price objective on shares of Autodesk from $246.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Rothschild & Co Redburn cut their price objective on shares of Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $323.40.
View Our Latest Report on ADSK
Insider Activity
In other Autodesk news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the acquisition, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Janesh Moorjani bought 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, with a total value of $494,175.00. Following the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,935 shares of company stock worth $1,666,644 in the last quarter. 0.14% of the stock is owned by company insiders.
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.
Featured Articles
- Five stocks we like better than Autodesk
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.
