Autodesk, Inc. $ADSK Stake Reduced by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,144 shares of the software company’s stock after selling 2,570 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Autodesk were worth $10,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ADSK. SouthState Corp increased its holdings in shares of Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock worth $25,000 after acquiring an additional 80 shares during the period. Costello Asset Management INC bought a new position in Autodesk in the 1st quarter worth about $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk in the first quarter valued at approximately $27,000. Cheviot Value Management LLC bought a new stake in shares of Autodesk during the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Autodesk during the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 1.6%

NASDAQ ADSK opened at $320.91 on Friday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $329.09. The company has a market capitalization of $68.35 billion, a P/E ratio of 66.44, a PEG ratio of 2.80 and a beta of 1.49. The company’s 50 day simple moving average is $307.06 and its 200 day simple moving average is $292.28. 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 Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus raised their target price on Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Hsbc Global Res raised Autodesk from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Bank of America lifted their price objective on shares of Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Morgan Stanley increased their target price on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. Finally, UBS Group raised their target price on shares of Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.13.

Insider Buying and Selling

In other news, EVP Steven M. Blum sold 22,420 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the sale, the executive vice president owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction on Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock worth $11,433,201 over the last three months. Corporate insiders own 0.15% of the company’s stock.

Autodesk 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.