1,533 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,533 shares of the software company's stock, valued at approximately $418,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after buying an additional 119,034 shares during the period. Ninety One UK Ltd grew its position in Autodesk by 1.6% during the first quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock valued at $1,347,400,000 after buying an additional 79,900 shares during the period. Geode Capital Management LLC grew its position in Autodesk by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after buying an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Autodesk by 28.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock valued at $902,597,000 after buying an additional 667,763 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Autodesk by 4.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock valued at $785,470,000 after buying an additional 124,948 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 1.7%

Autodesk stock traded up $4.87 during midday trading on Friday, hitting $297.03. 2,421,067 shares of the stock were exchanged, compared to its average volume of 1,526,277. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The stock has a market capitalization of $63.56 billion, a price-to-earnings ratio of 63.60, a PEG ratio of 2.81 and a beta of 1.44. The stock's 50-day simple moving average is $298.88 and its 200 day simple moving average is $285.60. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADSK. Rosenblatt Securities reaffirmed a "buy" rating and set a $340.00 price objective on shares of Autodesk in a report on Tuesday, May 20th. BMO Capital Markets increased their price objective on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $370.00 price objective (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. KeyCorp reaffirmed an "overweight" rating and set a $350.00 price objective (up from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $343.64.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the sale, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 9,391 shares of company stock worth $2,909,885 in the last ninety days. 0.15% of the stock is owned by company insiders.

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.