Asset Management One Co. Ltd. Raises Stake in Autodesk, Inc. (NASDAQ:ADSK)

Asset Management One Co. Ltd. boosted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,788 shares of the software company's stock after buying an additional 7,119 shares during the period. Asset Management One Co. Ltd.'s holdings in Autodesk were worth $23,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC boosted its position in shares of Autodesk by 73.7% during the 1st quarter. Crewe Advisors LLC now owns 535 shares of the software company's stock worth $140,000 after purchasing an additional 227 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Autodesk during the 1st quarter worth $427,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock worth $3,565,000 after purchasing an additional 229 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Autodesk during the 1st quarter worth $314,000. Finally, Praxis Investment Management Inc. boosted its position in shares of Autodesk by 34.1% during the 1st quarter. Praxis Investment Management Inc. now owns 6,090 shares of the software company's stock worth $1,594,000 after purchasing an additional 1,550 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.1%

Shares of NASDAQ ADSK traded up $0.20 on Friday, reaching $305.13. 1,703,006 shares of the company traded hands, compared to its average volume of 1,484,607. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The company has a 50 day moving average of $289.65 and a 200 day moving average of $285.42. 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 stock has a market capitalization of $65.30 billion, a PE ratio of 65.34, a P/E/G ratio of 2.94 and a beta of 1.45.

Insider Activity

In other news, EVP Rebecca Pearce sold 2,544 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total transaction of $775,920.00. Following the completion of the sale, the executive vice president now owns 25,801 shares in the company, valued at approximately $7,869,305. The trade was a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 3,087 shares of company stock valued at $936,607 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on ADSK. Piper Sandler boosted their target price on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. The Goldman Sachs Group lifted their price target on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. cut their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. KeyCorp reaffirmed an "overweight" rating and set a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Scotiabank cut their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.