Banco Bilbao Vizcaya Argentaria S.A. Has $9.50 Million Holdings in Autodesk, Inc. $ADSK

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Autodesk, Inc. by 3.8%, purchasing an additional 1,310 shares during the first quarter.
• Institutional investors own 90.24% of Autodesk's stock, indicating strong confidence in the company's performance.
• Multiple analysts have raised their price targets for Autodesk shares, with Royal Bank Of Canada setting a new target at $345.00.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,189 shares of the software company's stock after purchasing an additional 1,310 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Autodesk were worth $9,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after purchasing an additional 397,458 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Autodesk by 1.6% during the 1st quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock worth $1,347,400,000 after purchasing an additional 79,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Autodesk by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock worth $902,597,000 after purchasing an additional 667,763 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Autodesk by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock worth $785,470,000 after purchasing an additional 124,948 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Autodesk by 20.6% during the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after purchasing an additional 420,838 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president owned 19,440 shares of the company's stock, valued at $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 9,391 shares of company stock valued at $2,909,885. Company insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Loop Capital assumed coverage on Autodesk in a report on Monday, July 21st. They set a "hold" rating and a $320.00 price objective on the stock. Piper Sandler increased their price objective on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Macquarie reissued an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, July 11th. Finally, Robert W. Baird increased their price objective on Autodesk from $335.00 to $345.00 and gave the company an "outperform" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $343.04.

Autodesk Stock Performance

ADSK traded up $4.17 during midday trading on Friday, reaching $290.23. The company's stock had a trading volume of 1,116,901 shares, compared to its average volume of 1,298,137. The stock has a market cap of $62.11 billion, a P/E ratio of 62.15, a PEG ratio of 2.79 and a beta of 1.46. The company has a fifty day simple moving average of $298.19 and a 200 day simple moving average of $285.08. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $326.62.

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.