Seilern Investment Management Ltd Grows Holdings in Autodesk, Inc. $ADSK

Seilern Investment Management Ltd grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 601.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,272 shares of the software company’s stock after buying an additional 186,295 shares during the period. Autodesk makes up about 4.4% of Seilern Investment Management Ltd’s holdings, making the stock its 14th biggest holding. Seilern Investment Management Ltd owned 0.10% of Autodesk worth $67,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Cheviot Value Management LLC bought a new stake in Autodesk during the 1st quarter valued at $27,000. SouthState Corp raised its holdings in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in Autodesk during the fourth quarter worth about $29,000. Costello Asset Management INC bought a new stake in Autodesk during the first quarter worth about $26,000. Finally, Close Asset Management Ltd bought a new stake in Autodesk during the first quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 1.7%

NASDAQ:ADSK opened at $319.05 on Friday. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a 50-day moving average of $300.38 and a 200 day moving average of $286.67. The firm has a market cap of $67.96 billion, a PE ratio of 66.06, a price-to-earnings-growth ratio of 2.88 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Wall Street Analyst Weigh In

Several brokerages recently commented on ADSK. The Goldman Sachs Group increased their price objective on shares of Autodesk from $270.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. UBS Group upped their price target on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Mizuho lifted their price target on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Macquarie lifted their price target on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Piper Sandler lifted their price objective on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $356.83.

Insider Activity at Autodesk

In other news, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president owned 13,099 shares in the company, valued at $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,860 shares of company stock worth $14,045,061. 0.15% of the stock is owned by insiders.

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.