Autodesk, Inc. $ADSK Shares Acquired by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC increased its position in Autodesk by an impressive 1,161.7%, holding 3,495 shares valued at approximately $954,000 after acquiring 3,218 additional shares in Q1.
• Multiple institutional investors, including GAMMA Investing LLC and T. Rowe Price, have made significant changes to their holdings in Autodesk, with GAMMA increasing its stake by 27,505.2%.
• Wall Street analysts have raised their price targets for Autodesk, with Oppenheimer setting a target of $375.00 and a consensus rating of "Moderate Buy" among analysts.

Coppell Advisory Solutions LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1,161.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,495 shares of the software company's stock after purchasing an additional 3,218 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Autodesk were worth $954,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after acquiring an additional 397,458 shares in the last quarter. Ninety One UK Ltd raised its position in Autodesk by 1.6% in the first quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock worth $1,347,400,000 after acquiring an additional 79,900 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after acquiring an additional 1,016,187 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 acquiring an additional 667,763 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Autodesk by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock worth $785,470,000 after acquiring an additional 124,948 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Down 1.7%

NASDAQ:ADSK traded down $5.47 during mid-day trading on Friday, reaching $319.05. The company's stock had a trading volume of 1,077,474 shares, compared to its average volume of 1,681,436. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $67.96 billion, a P/E ratio of 66.06, a P/E/G ratio of 2.83 and a beta of 1.49. The company's fifty day simple moving average is $300.38 and its two-hundred day simple moving average is $286.70. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stifel Nicolaus increased their price objective on Autodesk from $350.00 to $375.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Oppenheimer raised their price target on Autodesk from $350.00 to $375.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. 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 research note on Friday, May 23rd. UBS Group increased their price objective on Autodesk from $370.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, Barclays increased their price objective on Autodesk from $355.00 to $385.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $356.83.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company's stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,860 shares of company stock worth $14,045,061 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

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.