Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Czech National Bank

Czech National Bank increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,382 shares of the software company's stock after purchasing an additional 2,765 shares during the period. Czech National Bank's holdings in Autodesk were worth $12,928,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at $25,000. Investment Management Corp VA ADV acquired a new stake in Autodesk in the 4th quarter valued at approximately $29,000. Tradewinds Capital Management LLC lifted its position in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the 4th quarter valued at about $30,000. Finally, Addison Advisors LLC increased its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of Autodesk stock traded up $1.97 on Thursday, hitting $300.33. 334,465 shares of the company's stock were exchanged, compared to its average volume of 1,582,041. The stock has a market capitalization of $64.25 billion, a PE ratio of 59.59, a PEG ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 1 year low of $205.86 and a 1 year high of $326.62. The company has a 50-day simple moving average of $276.29 and a 200-day simple moving average of $286.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays raised their price target on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Macquarie restated an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. KeyCorp restated an "overweight" rating and issued a $350.00 target price (up previously from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $370.00 price target (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Robert W. Baird boosted their target price on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.

About Autodesk

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.