BI Asset Management Fondsmaeglerselskab A S Makes New $14.19 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 48,002 shares of the software company's stock, valued at approximately $14,188,000.

Several other institutional investors have also bought and sold shares of ADSK. China Universal Asset Management Co. Ltd. boosted its position in Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Brookstone Capital Management grew its position in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after buying an additional 26,768 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Autodesk during the fourth quarter worth about $13,906,000. Robeco Institutional Asset Management B.V. raised its position in Autodesk by 25.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock worth $88,711,000 after acquiring an additional 60,963 shares during the period. Finally, GAM Holding AG purchased a new position in Autodesk in the fourth quarter valued at about $3,453,000. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred 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 of the company's stock, valued at $802,671.87. The trade was a 44.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays dropped their price objective on Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. DA Davidson cut their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Citigroup decreased their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Robert W. Baird cut their target price on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Finally, Scotiabank lowered their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $321.36.

Autodesk Price Performance

ADSK traded down $2.35 during midday trading on Friday, hitting $269.36. The stock had a trading volume of 386,032 shares, compared to its average volume of 1,635,007. The company has a market cap of $57.37 billion, a P/E ratio of 53.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The business has a fifty day moving average of $264.95 and a 200 day moving average of $286.62.

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.