Autodesk, Inc. $ADSK Holdings Lifted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP Paribas Asset Management increased its holdings in Autodesk by 0.5%, now owning approximately 0.23% of the company, valued at $131.18 million.
• Analysts have raised their price targets for Autodesk stock, with Stifel Nicolaus increasing it from $310 to $350 and Barclays from $325 to $355, reflecting overall positive sentiment.
• Autodesk's stock recently opened at $286.73 with a twelve-month trading range between $232.67 and $326.62, indicating potential volatility in its market performance.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 501,101 shares of the software company's stock after acquiring an additional 2,671 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.23% of Autodesk worth $131,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADSK. Cheviot Value Management LLC purchased a new stake in shares of Autodesk in the first quarter worth approximately $27,000. SouthState Corp increased its stake in Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after buying an additional 80 shares during the period. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk during the 4th quarter valued at $29,000. Costello Asset Management INC purchased a new position in shares of Autodesk during the 1st quarter valued at $26,000. Finally, Close Asset Management Ltd acquired a new position in shares of Autodesk in the first quarter worth $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADSK. Stifel Nicolaus lifted their price objective on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Barclays boosted their price target on Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Berenberg Bank raised shares of 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. Bank of America boosted their target price 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. Finally, Wells Fargo & Company restated an "overweight" rating and set a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $342.61.

Autodesk Stock Up 1.1%

ADSK stock opened at $286.73 on Monday. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $61.36 billion, a PE ratio of 61.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.46. The business's 50-day simple moving average is $298.96 and its 200 day simple moving average is $285.62.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the company'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 completion of the transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is currently owned by company insiders.

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.

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