9,685 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired a new stake in Autodesk, purchasing 9,685 shares valued at approximately $2.54 million.
• Hedge funds and institutional investors collectively own 90.24% of Autodesk’s stock, indicating strong interest and investment in the company.
• Editions of analysts have increased target prices for Autodesk, with the consensus rating now standing as a "Moderate Buy" and a target price of $342.61.

Aigen Investment Management LP purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,685 shares of the software company's stock, valued at approximately $2,536,000.

Several other large investors have also bought and sold shares of ADSK. Farallon Capital Management LLC bought a new position in Autodesk during the fourth quarter valued at about $544,381,000. GAMMA Investing LLC boosted its stake in Autodesk by 27,505.2% during the first 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 in the last quarter. Janus Henderson Group PLC boosted its stake in Autodesk by 43.7% during the fourth 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Autodesk during the fourth quarter valued at about $148,299,000. Institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

ADSK stock traded up $3.98 during trading on Wednesday, hitting $287.01. The company had a trading volume of 1,913,377 shares, compared to its average volume of 1,602,517. The company has a fifty day moving average price of $299.70 and a two-hundred day moving average price of $286.18. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $61.42 billion, a P/E ratio of 61.46, a P/E/G ratio of 2.74 and a beta of 1.46. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $326.62.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares of the company's stock, valued at $6,123,600. The trade was a 14.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ADSK shares. Oppenheimer reiterated an "outperform" rating and issued a $350.00 price target (up previously from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $370.00 price target (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Macquarie reiterated an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, July 11th. DA Davidson upgraded Autodesk to a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, The Goldman Sachs Group increased their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $342.61.

Autodesk Company 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.