7,130 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,130 shares of the software company's stock, valued at approximately $2,107,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after acquiring an additional 2,307,960 shares during the last quarter. Norges Bank acquired a new stake in Autodesk in the 4th quarter valued at about $632,566,000. Franklin Resources Inc. lifted its stake in Autodesk by 45.1% in the 4th quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company's stock valued at $621,535,000 after purchasing an additional 653,868 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Autodesk during the fourth quarter worth approximately $154,408,000. Finally, Raymond James Financial Inc. bought a new stake in Autodesk in the fourth quarter valued at approximately $116,828,000. Institutional investors own 90.24% of the company's stock.

Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of Autodesk 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 transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADSK. DA Davidson dropped their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group increased their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Stifel Nicolaus decreased their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. KeyCorp cut their price objective on shares of Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America increased their target price on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $321.59.

Autodesk Price Performance

ADSK traded down $7.59 on Monday, reaching $251.88. The stock had a trading volume of 157,181 shares, compared to its average volume of 1,645,531. The firm has a 50-day moving average of $268.04 and a 200-day moving average of $287.04. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market capitalization of $53.65 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.