Amalgamated Bank Has $12.06 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Amalgamated Bank raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,071 shares of the software company's stock after acquiring an additional 890 shares during the period. Amalgamated Bank's holdings in Autodesk were worth $12,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 406.8% during 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 purchasing an additional 2,307,960 shares during the period. Norges Bank bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $632,566,000. Farallon Capital Management LLC acquired a new stake in shares of Autodesk in the fourth quarter worth $544,381,000. GAMMA Investing LLC grew its stake in shares of Autodesk by 27,505.2% in the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after acquiring an additional 1,465,204 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position 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 worth $652,127,000 after acquiring an additional 670,699 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 1.7%

Shares of Autodesk stock traded up $5.42 during trading on Friday, hitting $315.76. 836,362 shares of the company were exchanged, compared to its average volume of 1,482,820. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $67.57 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 3.05 and a beta of 1.44. The firm's fifty day moving average price is $294.48 and its 200 day moving average price is $285.58. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62.

Insider Transactions at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value 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 approximately $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 9,391 shares of company stock worth $2,909,885 in the last three months. Company insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ADSK. Bank of America raised their price target on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. BMO Capital Markets raised their target price on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Robert W. Baird upped their price target on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Scotiabank dropped their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Finally, Barclays boosted their target price on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.