China Universal Asset Management Co. Ltd. Acquires 3,111 Shares of Autodesk, Inc. (NASDAQ:ADSK)

China Universal Asset Management Co. Ltd. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,210 shares of the software company's stock after purchasing an additional 3,111 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Autodesk were worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC lifted its stake in Autodesk by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after buying an additional 45,623 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Autodesk by 28.0% in the fourth 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 buying an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock valued at $727,933,000 after acquiring an additional 420,838 shares during the period. Institutional investors own 90.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ADSK shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $345.00 price objective (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Robert W. Baird raised their target price on Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. BMO Capital Markets lifted their price target on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. Finally, Piper Sandler raised their price objective on Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is currently owned by insiders.

Autodesk Stock Down 6.2%

ADSK stock traded down $19.20 during trading hours on Thursday, hitting $288.08. The company's stock had a trading volume of 3,788,661 shares, compared to its average volume of 1,496,950. The company has a market capitalization of $61.65 billion, a PE ratio of 61.83, a price-to-earnings-growth ratio of 3.03 and a beta of 1.44. The stock has a 50 day moving average price of $297.78 and a two-hundred day moving average price of $286.03. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62.

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.