Groupe la Francaise Increases Holdings in Autodesk, Inc. $ADSK

Key Points

• Groupe la Francaise increased its holdings in Autodesk by 14.2%, now owning 18,270 shares valued at approximately $4.93 million, highlighting growing institutional interest in the software company.
• Analyst ratings for Autodesk have been predominantly positive, with target price increases from firms like Barclays and Robert W. Baird, underscoring optimism about the stock's future performance.
• Autodesk's stock has seen a 1.5% increase, opening at $290.23, reflecting its strong market position with a market cap of $62.11 billion.

Groupe la Francaise raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,270 shares of the software company's stock after acquiring an additional 2,276 shares during the period. Groupe la Francaise's holdings in Autodesk were worth $4,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Farallon Capital Management LLC purchased a new stake in shares of Autodesk in the 4th quarter valued at about $544,381,000. GAMMA Investing LLC raised its holdings in shares of Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after buying an additional 1,465,204 shares in the last quarter. Nuveen LLC purchased a new position in shares of Autodesk during the 1st quarter valued at about $278,383,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock valued at $868,736,000 after buying an additional 1,016,187 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Autodesk by 43.7% during the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after buying an additional 670,699 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Loop Capital assumed coverage on Autodesk in a report on Monday, July 21st. They set a "hold" rating and a $320.00 price objective on the stock. Robert W. Baird raised their price target on Autodesk from $335.00 to $345.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. KeyCorp restated an "overweight" rating and set a $350.00 price target (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. BMO Capital Markets raised their price target on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Finally, Berenberg Bank upgraded Autodesk from a "hold" rating to a "buy" rating and raised their price target for the stock from $325.00 to $365.00 in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $343.04.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the transaction, the executive vice president owned 19,440 shares in the company, valued at approximately $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 in the last three months. 0.15% of the stock is currently owned by insiders.

Autodesk Stock Up 0.9%

Shares of NASDAQ ADSK traded up $2.54 during mid-day trading on Thursday, hitting $288.49. 3,690,226 shares of the stock traded hands, compared to its average volume of 1,588,052. 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 52 week low of $232.67 and a 52 week high of $326.62. The company has a market cap of $61.74 billion, a price-to-earnings ratio of 61.78, a PEG ratio of 2.72 and a beta of 1.46. The stock has a fifty day moving average price of $297.44 and a 200-day moving average price of $284.81.

Autodesk 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.