Mn Services Vermogensbeheer B.V. Reduces Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Mn Services Vermogensbeheer B.V. lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,100 shares of the software company's stock after selling 6,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Autodesk were worth $20,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Hengehold Capital Management LLC increased its stake in Autodesk by 21.6% during the 1st quarter. Hengehold Capital Management LLC now owns 1,445 shares of the software company's stock worth $378,000 after buying an additional 257 shares in the last quarter. Brighton Jones LLC increased its stake in Autodesk by 17.6% during the 1st quarter. Brighton Jones LLC now owns 1,366 shares of the software company's stock worth $358,000 after buying an additional 204 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Autodesk by 13.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 97,262 shares of the software company's stock worth $25,463,000 after buying an additional 11,762 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Autodesk during the 1st quarter worth approximately $96,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after buying an additional 9,222 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Rosenblatt Securities restated a "buy" rating and issued a $340.00 price target on shares of Autodesk in a research report on Tuesday, May 20th. Piper Sandler upped their price target on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Oppenheimer restated an "outperform" rating and issued a $350.00 price target (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $360.00 price target (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.

Autodesk Stock Up 2.4%

Shares of NASDAQ ADSK traded up $7.14 during mid-day trading on Monday, hitting $299.30. The company had a trading volume of 1,383,566 shares, compared to its average volume of 1,536,240. The company has a market capitalization of $64.05 billion, a PE ratio of 59.39, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62. The business's 50-day simple moving average is $282.27 and its 200 day simple moving average is $285.33.

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.