Assenagon Asset Management S.A. Has $4.70 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Assenagon Asset Management S.A. grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,942 shares of the software company's stock after acquiring an additional 1,266 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Autodesk were worth $4,697,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ADSK. Vanguard Group Inc. raised its holdings in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after buying an additional 119,034 shares during the period. Geode Capital Management LLC increased its position in shares of Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after acquiring an additional 45,623 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Autodesk by 28.0% in the 4th 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 period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 acquiring an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Autodesk by 20.6% during the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after purchasing an additional 420,838 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the subject of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. The Goldman Sachs Group boosted their price target on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Citigroup upped their price target on shares of Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Insider Activity at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.

Autodesk Stock Performance

Shares of ADSK traded up $7.14 during mid-day trading on Monday, reaching $299.30. 1,383,518 shares of the company's stock traded hands, compared to its average volume of 1,536,240. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The business's 50-day moving average price is $282.27 and its 200-day moving average price is $285.33. The stock has a market capitalization of $64.05 billion, a P/E ratio of 59.39, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45.

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.