Ninety One North America Inc. Has $58.01 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Ninety One North America Inc. lessened its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,562 shares of the software company's stock after selling 7,720 shares during the quarter. Autodesk comprises about 3.9% of Ninety One North America Inc.'s investment portfolio, making the stock its 6th biggest position. Ninety One North America Inc. owned about 0.10% of Autodesk worth $58,005,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Alpha Cubed Investments LLC increased its position in Autodesk by 10.9% in the 1st quarter. Alpha Cubed Investments LLC now owns 882 shares of the software company's stock worth $231,000 after buying an additional 87 shares during the period. Abound Financial LLC acquired a new stake in shares of Autodesk in the first quarter worth $35,000. Crossmark Global Holdings Inc. increased its position in Autodesk by 14.9% during the first quarter. Crossmark Global Holdings Inc. now owns 25,883 shares of the software company's stock worth $6,776,000 after acquiring an additional 3,359 shares during the period. Fairway Wealth LLC acquired a new position in Autodesk during the 1st quarter valued at $105,000. Finally, TD Private Client Wealth LLC boosted its holdings in Autodesk by 1.0% in the 1st quarter. TD Private Client Wealth LLC now owns 7,851 shares of the software company's stock valued at $2,055,000 after purchasing an additional 75 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

NASDAQ ADSK traded down $1.35 during trading hours on Monday, reaching $315.31. 1,409,645 shares of the company's stock were exchanged, compared to its average volume of 1,483,079. The firm has a fifty day moving average of $295.40 and a 200-day moving average of $285.56. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62. The stock has a market cap of $67.48 billion, a PE ratio of 67.52, a price-to-earnings-growth ratio of 3.05 and a beta of 1.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Scotiabank decreased their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Bank of America upped their price target on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Citigroup lifted their price objective on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. BMO Capital Markets upped their target price on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research note on Friday, May 23rd. Finally, KeyCorp reiterated an "overweight" rating and set a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $343.64.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business'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 transaction, the executive vice president owned 19,440 shares of the company's stock, valued at approximately $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 9,391 shares of company stock valued at $2,909,885 over the last quarter. 0.15% of the stock is currently owned by 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.