Achmea Investment Management B.V. Boosts Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Achmea Investment Management B.V. grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,102 shares of the software company's stock after acquiring an additional 19,290 shares during the quarter. Achmea Investment Management B.V. owned about 0.09% of Autodesk worth $48,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADSK. Investment Management Corp VA ADV purchased a new position in Autodesk in the fourth quarter valued at $29,000. Mizuho Securities Co. Ltd. purchased a new position in Autodesk in the fourth quarter valued at $30,000. Hurley Capital LLC acquired a new stake in Autodesk in the fourth quarter valued at $44,000. CoreCap Advisors LLC raised its stake in Autodesk by 212.0% in the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after buying an additional 106 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted 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 worth $46,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Up 0.8%

ADSK stock opened at $304.93 on Friday. 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 cap of $65.26 billion, a PE ratio of 65.30, a price-to-earnings-growth ratio of 2.91 and a beta of 1.45. The firm's 50-day simple moving average is $289.65 and its 200 day simple moving average is $285.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Activity

In related news, EVP Rebecca Pearce sold 486 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total value of $145,800.00. Following the completion of the transaction, the executive vice president now owns 28,345 shares of the company's stock, valued at approximately $8,503,500. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 3,087 shares of company stock worth $936,607 over the last 90 days. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADSK. Stifel Nicolaus lifted their target price on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Mizuho cut their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $340.00 price target on shares of Autodesk in a research report on Tuesday, May 20th. Oppenheimer reissued an "outperform" rating and set a $350.00 price objective (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, BMO Capital Markets upped their target price 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. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.45.

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.

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