Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by National Pension Service

Key Points

• The National Pension Service has increased its holdings in Autodesk, Inc. by 7.3%, now owning 707,211 shares worth approximately $185.1 million.
• Several institutional investors, including Vanguard and UBS, have also boosted their stakes in Autodesk, contributing to institutional ownership now exceeding 90%.
• Analysts have increased price targets for Autodesk, with estimates now ranging from $320.00 to $365.00, reflecting a generally favorable outlook for the company's stock performance.

National Pension Service increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 707,211 shares of the software company's stock after buying an additional 47,885 shares during the quarter. National Pension Service owned about 0.33% of Autodesk worth $185,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its stake in shares of Autodesk by 2.5% in the first quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock valued at $543,000 after purchasing an additional 50 shares during the period. Sowell Financial Services LLC purchased a new position in Autodesk in the 1st quarter valued at about $324,000. Cambridge Investment Research Advisors Inc. boosted 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 buying an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Autodesk by 27.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after acquiring an additional 9,222 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Autodesk by 5.4% during the first quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock worth $1,471,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the sale, the executive vice president owned 19,440 shares of the company's stock, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 9,391 shares of company stock worth $2,909,885 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

Autodesk Stock Up 1.1%

ADSK stock traded up $2.98 during trading hours on Friday, hitting $286.73. The company's stock had a trading volume of 1,149,378 shares, compared to its average volume of 1,432,251. The stock has a 50 day moving average price of $298.96 and a two-hundred day moving average price of $285.92. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $326.62. The company has a market capitalization of $61.36 billion, a PE ratio of 61.40, a price-to-earnings-growth ratio of 2.73 and a beta of 1.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

Several research firms have issued reports on ADSK. BMO Capital Markets lifted their price objective on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a report on Friday, May 23rd. KeyCorp reiterated an "overweight" rating and issued a $350.00 target price (up from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Oppenheimer reissued an "outperform" rating and set a $350.00 price target (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Bank of America increased their price objective on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Citigroup upped their target price on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $342.61.

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.