Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 899,724 shares of the software company's stock after buying an additional 4,593 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.42% of Autodesk worth $235,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ADSK. Massachusetts Financial Services Co. MA grew its position in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after buying an additional 2,307,960 shares in the last quarter. Norges Bank acquired a new position in shares of Autodesk during the fourth quarter worth about $632,566,000. Farallon Capital Management LLC acquired a new position in shares of Autodesk during the fourth quarter worth about $544,381,000. GAMMA Investing LLC grew its position in shares of Autodesk by 27,505.2% during the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after buying an additional 1,465,204 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Autodesk by 43.7% during the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after buying an additional 670,699 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, EVP Rebecca Pearce sold 486 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the sale, the executive vice president now owns 28,345 shares in the company, valued at $8,503,500. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 3,087 shares of company stock worth $936,607. 0.15% of the stock is owned by insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $305.13 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The stock has a 50 day moving average of $290.57 and a two-hundred day moving average of $285.27. The stock has a market cap of $65.30 billion, a P/E ratio of 65.34, a P/E/G ratio of 2.94 and a beta of 1.45.

Analysts Set New Price Targets

A number of brokerages have recently commented on ADSK. Mizuho lowered their price objective on Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Oppenheimer restated an "outperform" rating and set a $350.00 target price (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $345.00 target price (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. BMO Capital Markets boosted their target price on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research note on Friday, May 23rd. Finally, Morgan Stanley restated an "overweight" rating and set a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $340.45.

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.

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