AG2R LA Mondiale Gestion D Actifs Takes $2.16 Million Position in Autodesk, Inc. $ADSK

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 8,233 shares of Autodesk, Inc. valued at approximately $2,155,000 during the first quarter of the year.
• Institutional investors own 90.24% of Autodesk's stock, highlighting significant interest from large financial entities.
• Analysts have given Autodesk a consensus rating of "Moderate Buy" with a target price of $356.83, indicating positive expectations for the stock's performance.

AG2R LA Mondiale Gestion D Actifs purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,233 shares of the software company's stock, valued at approximately $2,155,000.

A number of other institutional investors have also bought and sold shares of ADSK. Freedom Investment Management Inc. raised its holdings in shares of Autodesk by 2.4% during the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company's stock worth $386,000 after acquiring an additional 34 shares during the period. Financial Network Wealth Advisors LLC raised its stake in Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company's stock worth $37,000 after purchasing an additional 37 shares during the period. Oregon Pacific Wealth Management LLC raised its position in shares of Autodesk by 4.0% during the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock valued at $262,000 after buying an additional 38 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after buying an additional 41 shares during the period. Finally, Sky Investment Group LLC raised its position in Autodesk by 0.5% in the first quarter. Sky Investment Group LLC now owns 8,338 shares of the software company's stock valued at $2,183,000 after purchasing an additional 42 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research analyst reports. Macquarie boosted their target price on Autodesk from $360.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Loop Capital started coverage on shares of Autodesk in a research note on Monday, July 21st. They set a "hold" rating and a $320.00 price target on the stock. Piper Sandler upped their target price on shares of Autodesk from $361.00 to $373.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Robert W. Baird upped their target price on shares of Autodesk from $345.00 to $363.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Morgan Stanley upped their price objective on Autodesk from $370.00 to $385.00 and gave the stock an "overweight" rating in a research report on Sunday, August 31st. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $356.83.

Autodesk Stock Down 0.8%

Autodesk stock traded down $2.56 during mid-day trading on Tuesday, hitting $318.51. The company had a trading volume of 1,171,822 shares, compared to its average volume of 1,615,172. The stock has a market cap of $67.84 billion, a price-to-earnings ratio of 65.94, a PEG ratio of 2.83 and a beta of 1.49. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average of $300.49 and a 200 day moving average of $287.03.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Steven M. Blum sold 22,420 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the transaction, the executive vice president directly owned 13,099 shares of the company's stock, valued at approximately $4,240,801.25. This trade represents a 63.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,374 shares of company stock valued at $13,899,261. Company insiders own 0.15% of the company's stock.

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.