Candriam S.C.A. Has $87.61 Million Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Candriam S.C.A. increased its stake in Autodesk, Inc. by 7.9%, owning 334,659 shares worth approximately $87.61 million following a recent purchase of 24,520 shares.
• Several analysts have issued bullish ratings for Autodesk, with price targets increasing, including $350 from KeyCorp and $376 from Citigroup, indicating a consensus rating of "Moderate Buy".
• The stock of Autodesk has experienced minor fluctuations, opening at around $289.24, and has a market capitalization of $61.90 billion with a PE ratio of 61.94.

Candriam S.C.A. raised its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,659 shares of the software company's stock after buying an additional 24,520 shares during the quarter. Candriam S.C.A. owned 0.16% of Autodesk worth $87,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. T. Rowe Price Investment Management Inc. grew its holdings in shares of Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after purchasing an additional 1,016,187 shares in the last quarter. Venture Visionary Partners LLC acquired a new stake in shares of Autodesk during the 1st quarter worth $268,000. Credit Agricole S A grew its holdings in shares of Autodesk by 18.5% during the 1st quarter. Credit Agricole S A now owns 120,893 shares of the software company's stock worth $31,650,000 after purchasing an additional 18,880 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Autodesk by 3.8% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 36,189 shares of the software company's stock valued at $9,504,000 after buying an additional 1,310 shares in the last quarter. Finally, Groupama Asset Managment boosted its stake in Autodesk by 14.3% in the first quarter. Groupama Asset Managment now owns 14,091 shares of the software company's stock valued at $3,687,000 after buying an additional 1,766 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on ADSK shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. KeyCorp restated an "overweight" rating and set a $350.00 price objective (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. DA Davidson upgraded Autodesk to a "strong-buy" rating in a report on Tuesday, July 22nd. Citigroup lifted their target price on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Robert W. Baird lifted their target price on Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus price target of $342.61.

Autodesk Stock Down 0.1%

Shares of NASDAQ ADSK opened at $289.24 on Wednesday. Autodesk, Inc. has a one year low of $232.67 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business's fifty day moving average price is $298.64 and its 200-day moving average price is $285.50. The stock has a market capitalization of $61.90 billion, a PE ratio of 61.94, a P/E/G ratio of 2.79 and a beta of 1.46.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the sale, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. The trade was a 14.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is owned by corporate insiders.

About Autodesk

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.

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