Lazard Asset Management LLC Buys 33,342 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Lazard Asset Management LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 590,571 shares of the software company’s stock after acquiring an additional 33,342 shares during the quarter. Lazard Asset Management LLC’s holdings in Autodesk were worth $174,553,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its stake in Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after buying an additional 5,365 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Autodesk during the 4th quarter worth about $13,906,000. Robeco Institutional Asset Management B.V. grew its holdings in Autodesk by 25.5% in the fourth 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 during the period. Finally, GAM Holding AG acquired a new position in shares of Autodesk during the 4th quarter worth about $3,453,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’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 completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ADSK. Morgan Stanley dropped their price objective on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Wells Fargo & Company dropped their target price on Autodesk from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, KeyCorp reduced their price target on Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.36.

Autodesk Stock Down 0.7%

ADSK opened at $287.48 on Monday. The company has a market capitalization 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. The firm’s fifty day moving average price is $263.76 and its two-hundred day moving average price is $286.12. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

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.