Machina Capital S.A.S. Invests $1.54 Million in Autodesk, Inc. (NASDAQ:ADSK)

Machina Capital S.A.S. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,877 shares of the software company's stock, valued at approximately $1,539,000.

Several other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Autodesk by 406.8% in the 4th 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 period. Norges Bank acquired a new stake in Autodesk in the fourth quarter worth $632,566,000. Farallon Capital Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $544,381,000. GAMMA Investing LLC grew its holdings in shares of Autodesk by 27,505.2% in the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after buying an additional 1,465,204 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Autodesk by 43.7% in the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after buying an additional 670,699 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity

In related news, EVP Rebecca Pearce sold 3,251 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the transaction, the executive vice president directly owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is owned by insiders.

Autodesk Price Performance

ADSK traded up $2.18 on Friday, reaching $303.28. The stock had a trading volume of 943,975 shares, compared to its average volume of 1,828,510. The company has a market capitalization of $64.90 billion, a price-to-earnings ratio of 64.94, a price-to-earnings-growth ratio of 2.90 and a beta of 1.44. The firm has a 50-day moving average of $299.29 and a 200-day moving average of $285.83. 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, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADSK. Macquarie reiterated an "outperform" rating and set a $360.00 target price on shares of Autodesk in a report on Friday, July 11th. Bank of America boosted their price objective on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Piper Sandler lifted their price target on shares of Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. JPMorgan Chase & Co. reduced their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, KeyCorp reissued an "overweight" rating and set a $350.00 price target (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $342.61.

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.