Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Autodesk, Inc. by 17.7%, acquiring a total of 1,690,675 shares valued at approximately $442.6 million.
• A significant number of institutional investors, including Farallon Capital Management and GAMMA Investing, are making substantial investments in Autodesk, indicating strong institutional confidence in the company.
• Autodesk's stock has received multiple upgrades from analysts, with price targets rising significantly, including a new neutral rating from Goldman Sachs and a strong-buy rating from DA Davidson.

Deutsche Bank AG increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 17.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,690,675 shares of the software company's stock after purchasing an additional 254,189 shares during the quarter. Deutsche Bank AG owned 0.79% of Autodesk worth $442,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Farallon Capital Management LLC bought a new stake in shares of Autodesk in the fourth quarter worth $544,381,000. GAMMA Investing LLC grew its holdings in Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after acquiring an additional 1,465,204 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Autodesk by 43.7% during the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after acquiring an additional 670,699 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Autodesk by 28.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock worth $902,597,000 after purchasing an additional 667,763 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Autodesk in the 4th quarter valued at about $148,299,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the 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 directly owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 9,391 shares of company stock valued at $2,909,885 in the last three months. Corporate insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research reports. DA Davidson upgraded Autodesk to a "strong-buy" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group lifted their target price on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley reissued an "overweight" rating and set a $370.00 price target (up from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $345.00 price objective (up from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Robert W. Baird boosted their target price on shares of Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $342.61.

Autodesk Trading Down 4.0%

Shares of NASDAQ:ADSK opened at $292.99 on Friday. The company has a 50 day moving average of $300.34 and a 200-day moving average of $286.56. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $62.70 billion, a P/E ratio of 62.74, a P/E/G ratio of 2.94 and a beta of 1.46. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $326.62.

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.

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