Autodesk, Inc. (NASDAQ:ADSK) is Ninety One UK Ltd's 4th Largest Position

Ninety One UK Ltd increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,146,677 shares of the software company's stock after acquiring an additional 79,900 shares during the quarter. Autodesk makes up 3.7% of Ninety One UK Ltd's portfolio, making the stock its 4th biggest position. Ninety One UK Ltd owned 2.42% of Autodesk worth $1,347,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the fourth quarter valued at about $30,000. Abound Financial LLC bought a new stake in Autodesk in the first quarter valued at approximately $35,000. Hurley Capital LLC acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $44,000. Finally, CoreCap Advisors LLC grew its position in Autodesk by 212.0% during the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and upped their target price for the stock from $325.00 to $365.00 in a research report on Friday, June 27th. Scotiabank lowered 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. Finally, Stifel Nicolaus raised their target price on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $343.64.

Autodesk Stock Down 1.8%

Autodesk stock traded down $5.05 during mid-day trading on Friday, reaching $281.06. The stock had a trading volume of 443,424 shares, compared to its average volume of 1,495,558. The firm has a market capitalization of $60.15 billion, a PE ratio of 60.16, a price-to-earnings-growth ratio of 2.96 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The stock's 50-day simple moving average is $298.03 and its 200-day simple moving average is $285.95.

Insider Buying and Selling at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of the company'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 transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,391 shares of company stock valued at $2,909,885 in the last three months. 0.15% of the stock is currently owned by insiders.

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.