DekaBank Deutsche Girozentrale Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

DekaBank Deutsche Girozentrale raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 18.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,470 shares of the software company's stock after acquiring an additional 68,638 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.21% of Autodesk worth $116,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ADSK. Spire Wealth Management grew its position in Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock valued at $543,000 after acquiring an additional 50 shares during the last quarter. Sowell Financial Services LLC bought a new position in Autodesk in the 1st quarter valued at $324,000. Cambridge Investment Research Advisors Inc. grew its position in Autodesk by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock valued at $3,565,000 after acquiring an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Autodesk by 27.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after acquiring an additional 9,222 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after acquiring an additional 290 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $345.00 price objective (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a research report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, KeyCorp reiterated an "overweight" rating and issued a $350.00 target price (up from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $343.64.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 3,251 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 19,440 shares of the company's stock, valued at $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 9,391 shares of company stock worth $2,909,885 over the last quarter. 0.15% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK stock traded down $0.40 during mid-day trading on Tuesday, reaching $314.91. The stock had a trading volume of 1,457,591 shares, compared to its average volume of 1,482,978. The business's fifty day moving average is $296.27 and its 200-day moving average is $285.68. 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 $67.39 billion, a price-to-earnings ratio of 67.43, a PEG ratio of 3.05 and a beta of 1.44. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year 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.