ASR Vermogensbeheer N.V. Buys New Shares in Autodesk, Inc. (NASDAQ:ADSK)

Key Points

• ASR Vermogensbeheer N.V. purchased 35,714 shares of Autodesk, valued at approximately $9.35 million, indicating significant institutional interest in the stock.
• Recent stock analyst reports show a positive outlook for Autodesk, with several firms raising their price targets; for instance, Goldman Sachs increased their target from $270 to $300.
• Corporate insiders have sold 9,391 shares of Autodesk stock worth nearly $2.91 million in the past three months, but they still retain a small ownership stake of 0.15%.

ASR Vermogensbeheer N.V. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,714 shares of the software company's stock, valued at approximately $9,350,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock valued at $5,440,968,000 after buying an additional 397,458 shares during the last quarter. Ninety One UK Ltd raised its position in Autodesk by 1.6% during the first quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock worth $1,347,400,000 after acquiring an additional 79,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Autodesk by 28.0% in 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 acquiring an additional 667,763 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Autodesk by 4.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock valued at $785,470,000 after acquiring an additional 124,948 shares during the period. Finally, Northern Trust Corp grew its position in shares of Autodesk by 20.6% in the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock valued at $727,933,000 after acquiring an additional 420,838 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Rebecca Pearce sold 3,251 shares of the business's 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 9,391 shares of company stock worth $2,909,885 over the last three months. Corporate insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ADSK shares. The Goldman Sachs Group raised their target price on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Berenberg Bank raised Autodesk from a "hold" rating to a "buy" rating and raised their price objective for the company from $325.00 to $365.00 in a research report on Friday, June 27th. Stifel Nicolaus lifted their target price on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Citigroup increased their price target on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Loop Capital assumed coverage on shares of Autodesk in a research report on Monday, July 21st. They set a "hold" rating and a $320.00 price objective for the company. Seven research 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $342.61.

Autodesk Stock Performance

NASDAQ:ADSK opened at $305.18 on Thursday. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 65.35, a PEG ratio of 2.88 and a beta of 1.46. Autodesk, Inc. has a fifty-two week low of $232.36 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day moving average price of $300.42 and a 200-day moving average price of $286.55.

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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