Mirae Asset Global Investments Co. Ltd. Grows Stake in Autodesk, Inc. (NASDAQ:ADSK)

Mirae Asset Global Investments Co. Ltd. increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 45.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,394 shares of the software company's stock after buying an additional 57,996 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Autodesk worth $48,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its position in Autodesk by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock worth $320,000 after buying an additional 39 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after buying an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock worth $149,000 after buying an additional 42 shares during the last quarter. FineMark National Bank & Trust lifted its position in Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock worth $998,000 after buying an additional 42 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its position in Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after buying an additional 42 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In other news, EVP Rebecca Pearce sold 2,544 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total value of $775,920.00. Following the sale, the executive vice president now directly owns 25,801 shares of the company's stock, valued at approximately $7,869,305. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 3,087 shares of company stock valued at $936,607 over the last ninety days. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADSK. Rosenblatt Securities restated a "buy" rating and issued a $340.00 target price on shares of Autodesk in a report on Tuesday, May 20th. Barclays increased their price target on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and boosted their price objective for the company from $325.00 to $365.00 in a research report on Friday. The Goldman Sachs Group upped their price objective on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, DA Davidson set a $305.00 target price on Autodesk and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $340.45.

Autodesk Stock Up 0.1%

ADSK stock traded up $0.20 during midday trading on Friday, hitting $305.13. The stock had a trading volume of 1,703,006 shares, compared to its average volume of 1,479,119. The firm has a market cap of $65.30 billion, a price-to-earnings ratio of 65.34, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. The business has a 50-day moving average of $290.57 and a two-hundred day moving average of $285.27. Autodesk, Inc. has a 52-week low of $223.03 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

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.