Axa S.A. Has $216.78 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

AXA S.A. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 733,413 shares of the software company's stock after purchasing an additional 155,745 shares during the period. Autodesk comprises about 0.7% of AXA S.A.'s holdings, making the stock its 26th biggest holding. AXA S.A. owned 0.34% of Autodesk worth $216,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in shares of Autodesk during the 4th quarter worth about $25,000. Tradewinds Capital Management LLC grew its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk during the fourth quarter valued at approximately $30,000. Addison Advisors LLC raised its position in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Price Performance

Autodesk stock traded down $0.97 on Tuesday, reaching $279.10. The company's stock had a trading volume of 678,068 shares, compared to its average volume of 1,624,634. The business's fifty day moving average price is $262.89 and its 200 day moving average price is $286.20. 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 company has a market cap of $59.45 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Insiders Place Their Bets

In other Autodesk 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 transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Bank of America lifted their target price on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and upped their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $321.36.

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.