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

China Universal Asset Management Co. Ltd. grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,210 shares of the software company's stock after buying 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 SEC filing.

A number of other hedge funds have also recently made changes to their positions in ADSK. Alpha Cubed Investments LLC raised its stake in Autodesk by 10.9% during the first quarter. Alpha Cubed Investments LLC now owns 882 shares of the software company's stock worth $231,000 after purchasing an additional 87 shares during the period. Abound Financial LLC bought a new stake in shares of Autodesk in the 1st quarter worth about $35,000. Crossmark Global Holdings Inc. increased its position in shares of Autodesk by 14.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 25,883 shares of the software company's stock worth $6,776,000 after purchasing an additional 3,359 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Autodesk in the 1st quarter valued at about $105,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Autodesk by 1.0% in the 1st quarter. TD Private Client Wealth LLC now owns 7,851 shares of the software company's stock valued at $2,055,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 1.8%

Shares of NASDAQ ADSK traded down $5.05 during mid-day trading on Friday, hitting $281.06. The company's stock had a trading volume of 443,424 shares, compared to its average volume of 1,495,558. The company's fifty day simple moving average is $298.03 and its 200-day simple moving average is $285.95. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62. The stock has a market cap of $60.15 billion, a price-to-earnings 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 current ratio of 0.65 and a quick ratio of 0.65.

Wall Street Analyst Weigh In

ADSK has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Mizuho dropped their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Scotiabank cut their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. KeyCorp reiterated an "overweight" rating and set a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and an average price target of $343.64.

Insider Activity

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the firm'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 transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is currently owned by corporate 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.