Autodesk, Inc. $ADSK Shares Acquired by Credit Agricole S A

Key Points

• Credit Agricole S A increased its position in Autodesk, Inc. by 18.5% during the first quarter, acquiring an additional 18,880 shares, raising its total shares to 120,893, valued at approximately $31.65 million.
• Institutional investors and hedge funds now own 90.24% of Autodesk's stock, with significant stakes also acquired by other firms such as Farallon Capital Management and GAMMA Investing LLC.
• Recent analyst reports have seen increased price targets for Autodesk's shares, with Robert W. Baird setting a target of $335.00 and Wells Fargo raising its target to $360.00, indicating widespread confidence in the company's outlook.

Credit Agricole S A increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,893 shares of the software company's stock after buying an additional 18,880 shares during the period. Credit Agricole S A owned about 0.06% of Autodesk worth $31,650,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Farallon Capital Management LLC acquired a new position in Autodesk during the fourth quarter worth approximately $544,381,000. GAMMA Investing LLC increased its position 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 worth $384,985,000 after purchasing an additional 1,465,204 shares during the last quarter. Nuveen LLC acquired a new position in Autodesk during the first quarter worth approximately $278,383,000. 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 purchasing an additional 670,699 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 worth $902,597,000 after purchasing an additional 667,763 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. The Goldman Sachs Group upped their price target on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. KeyCorp reaffirmed an "overweight" rating and set a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $345.00 price objective (up previously from $313.0345) on shares of Autodesk in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average price target of $342.61.

Insider Activity

In related news, EVP Rebecca Pearce sold 3,251 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the sale, the executive vice president directly owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 9,391 shares of company stock valued at $2,909,885 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Autodesk Price Performance

Autodesk stock opened at $289.24 on Wednesday. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $326.62. The firm has a fifty day moving average of $298.64 and a 200-day moving average of $285.50. The firm has a market capitalization of $61.90 billion, a P/E ratio of 61.94, a PEG ratio of 2.79 and a beta of 1.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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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