NEOS Investment Management LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 11.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 162,276 shares of the software company’s stock after buying an additional 16,470 shares during the period. NEOS Investment Management LLC’s holdings in Autodesk were worth $31,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock worth $343,000 after acquiring 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 worth $765,000 after acquiring an additional 1,224 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of Autodesk during the second quarter worth about $466,000. Baird Financial Group Inc. raised its holdings in Autodesk by 7.5% during the second quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after purchasing an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Autodesk by 25.3% in the second quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock valued at $4,291,000 after purchasing an additional 2,795 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.
Autodesk Price Performance
Shares of NASDAQ:ADSK opened at $217.90 on Friday. The firm has a market capitalization of $45.54 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.83. The business’s 50 day simple moving average is $230.90 and its 200-day simple moving average is $232.50. Autodesk, Inc. has a 12 month low of $185.50 and a 12 month high of $329.09.
Wall Street Analysts Forecast Growth
ADSK has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on Autodesk from $369.00 to $338.00 and set an “overweight” rating on the stock in a report on Friday, August 28th. Berenberg Bank set a $333.00 price target on Autodesk in a report on Tuesday. Loop Capital decreased their price target on Autodesk from $250.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. BNP Paribas Exane increased their price objective on Autodesk from $295.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Finally, Barclays reissued an “overweight” rating on shares of Autodesk in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $321.19.
View Our Latest Stock Report on ADSK
Insider Transactions at Autodesk
In other Autodesk news, EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $189.20 per share, with a total value of $378,400.00. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at approximately $756,800. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.14% of the stock is currently owned by corporate 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.
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