Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Increased by Bailard Inc.

Bailard Inc. increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,733 shares of the software company’s stock after acquiring an additional 358 shares during the quarter. Bailard Inc.’s holdings in Autodesk were worth $2,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ADSK. Massachusetts Financial Services Co. MA lifted its stake in shares of Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after purchasing an additional 2,307,960 shares during the period. Norges Bank acquired a new stake in shares of Autodesk in the 4th quarter valued at about $632,566,000. Farallon Capital Management LLC bought a new position in shares of Autodesk in the 4th quarter valued at about $544,381,000. GAMMA Investing LLC grew its holdings in shares of Autodesk by 27,505.2% in the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company’s stock valued at $384,985,000 after acquiring an additional 1,465,204 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Autodesk by 43.7% during the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock worth $652,127,000 after purchasing an additional 670,699 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.9%

Shares of ADSK stock opened at $292.16 on Friday. Autodesk, Inc. has a 52-week low of $223.03 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $62.52 billion, a PE ratio of 62.56, a PEG ratio of 2.78 and a beta of 1.44. The stock has a fifty day simple moving average of $298.69 and a two-hundred day simple moving average of $285.59.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the business’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the transaction, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 9,391 shares of company stock worth $2,909,885 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $360.00 price target (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $345.00 target price (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Robert W. Baird boosted their price target on shares of Autodesk from $303.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $350.00 target price (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $343.64.

About Autodesk

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.