39,400 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 39,400 shares of the software company's stock, valued at approximately $11,719,000.

Several other hedge funds have also modified their holdings of ADSK. Ameriprise Financial Inc. lifted its position in shares of Autodesk by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,795,817 shares of the software company's stock worth $530,773,000 after purchasing an additional 8,962 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Autodesk by 72.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 707,586 shares of the software company's stock worth $209,141,000 after buying an additional 296,758 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in Autodesk by 13.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,474 shares of the software company's stock worth $436,000 after buying an additional 173 shares in the last quarter. AXA S.A. boosted its position in Autodesk by 27.0% in the 4th quarter. AXA S.A. now owns 733,413 shares of the software company's stock valued at $216,775,000 after buying an additional 155,745 shares during the last quarter. Finally, Visualize Group LP acquired a new stake in shares of Autodesk during the fourth quarter valued at about $20,730,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction 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. The trade was a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

NASDAQ ADSK traded up $4.81 on Wednesday, hitting $283.45. The stock had a trading volume of 1,271,170 shares, compared to its average volume of 1,622,278. The company's 50-day moving average is $262.82 and its two-hundred day moving average is $286.15. The stock has a market cap of $60.37 billion, a price-to-earnings ratio of 56.24, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADSK. Citigroup reduced their price target on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Bank of America raised their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $321.36.

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.