Autodesk, Inc. $ADSK Shares Purchased by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Autodesk, Inc. by 177.5%, now owning 3,716 shares valued at $1,150,000, highlighting significant institutional interest in the company.
• Several brokerages have raised their price targets for Autodesk, with a consensus target now at $356.83 and a rating of "Moderate Buy" from analysts.
• Insider sales have been notable, with executive Steven M. Blum selling 22,420 shares, which represents a 63.12% decrease in his position, raising concerns about insider confidence.

Baader Bank Aktiengesellschaft increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 177.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,716 shares of the software company's stock after buying an additional 2,377 shares during the period. Baader Bank Aktiengesellschaft's holdings in Autodesk were worth $1,150,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp increased its stake in shares of Autodesk by 500.0% during the first 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. Costello Asset Management INC purchased a new position in shares of Autodesk during the first quarter valued at $26,000. Close Asset Management Ltd purchased a new position in shares of Autodesk during the first quarter valued at $27,000. Cheviot Value Management LLC purchased a new position in shares of Autodesk during the first quarter valued at $27,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Autodesk during the first quarter valued at $27,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Up 0.5%

NASDAQ ADSK traded up $1.72 during trading on Monday, hitting $324.39. The company's stock had a trading volume of 1,695,559 shares, compared to its average volume of 1,868,720. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $69.10 billion, a PE ratio of 67.16, a P/E/G ratio of 2.86 and a beta of 1.49. The business's 50 day simple moving average is $302.99 and its 200-day simple moving average is $289.00. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09.

Insiders Place Their Bets

In related news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares of the company's stock, valued at $4,300,251.66. The trade was a 31.53% 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, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares of the company's stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,374 shares of company stock worth $13,899,261 in the last three months. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ADSK shares. Royal Bank Of Canada raised their price target on Autodesk from $345.00 to $380.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Piper Sandler lifted their target price on Autodesk from $361.00 to $373.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Citigroup lifted their target price on Autodesk from $376.00 to $393.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Wells Fargo & Company lifted their target price on Autodesk from $360.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, Bank of America lifted their target price on Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $356.83.

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.