Raiffeisen Bank International AG reduced its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,615 shares of the software company’s stock after selling 2,942 shares during the period. Raiffeisen Bank International AG’s holdings in Autodesk were worth $29,818,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Autodesk during the 1st quarter worth about $278,383,000. T. Rowe Price Investment Management Inc. grew its stake in Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after buying an additional 1,016,187 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Autodesk by 15.1% during the second quarter. Geode Capital Management LLC now owns 5,606,264 shares of the software company’s stock worth $1,730,415,000 after buying an additional 734,449 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Autodesk by 336.7% in the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after acquiring an additional 441,571 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Autodesk by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock worth $904,326,000 after acquiring an additional 400,514 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.
Autodesk Stock Up 0.7%
NASDAQ:ADSK opened at $299.39 on Monday. The stock has a 50-day simple moving average of $311.81 and a 200 day simple moving average of $302.40. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $329.09. The company has a market cap of $63.77 billion, a PE ratio of 61.99, a PEG ratio of 2.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.
Insider Buying and Selling
In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the transaction, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the sale, the director directly owned 4,393 shares in the company, valued at approximately $1,427,725. This trade represents a 41.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last ninety days. 0.15% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ADSK shares. Citigroup decreased their target price on Autodesk from $393.00 to $370.00 and set a “buy” rating on the stock in a report on Friday. Mizuho upped their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Hsbc Global Res raised shares of Autodesk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Oppenheimer boosted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, HSBC set a $343.00 price objective on Autodesk and gave the company a “buy” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.13.
Get Our Latest Stock Analysis on ADSK
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.
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