Dupont Capital Management Corp Has $5.69 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Dupont Capital Management Corp boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 41.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,740 shares of the software company's stock after purchasing an additional 6,391 shares during the period. Dupont Capital Management Corp's holdings in Autodesk were worth $5,692,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV acquired a new position in shares of Autodesk in the fourth quarter worth $29,000. Tradewinds Capital Management LLC grew its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the 4th quarter worth about $30,000. Addison Advisors LLC raised its stake 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 in the last quarter. Finally, Hurley Capital LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Price Performance

NASDAQ:ADSK traded up $3.24 during trading hours on Tuesday, reaching $304.19. The company had a trading volume of 1,464,601 shares, compared to its average volume of 1,496,331. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $287.12 and a two-hundred day moving average of $285.19. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62. The firm has a market capitalization of $65.10 billion, a PE ratio of 65.14, a PEG ratio of 2.86 and a beta of 1.45.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group raised their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Citigroup raised their price target on shares of Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Scotiabank reduced their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Macquarie reissued an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Finally, BMO Capital Markets raised their target price on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

Insider Activity

In other Autodesk news, EVP Rebecca Pearce sold 486 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $300.00, for a total value of $145,800.00. Following the transaction, the executive vice president now owns 28,345 shares of the company's stock, valued at approximately $8,503,500. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The shares were 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 of the company's stock, valued at $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,995 shares of company stock worth $816,082. Insiders own 0.15% of the company's stock.

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.