Cwm LLC Has $18.12 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Cwm LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,211 shares of the software company's stock after purchasing an additional 11,007 shares during the quarter. Cwm LLC's holdings in Autodesk were worth $18,119,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ADSK. Massachusetts Financial Services Co. MA grew its stake in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Norges Bank bought a new position in Autodesk in the 4th quarter valued at $632,566,000. Farallon Capital Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $544,381,000. GAMMA Investing LLC raised its position in shares of Autodesk by 27,505.2% during the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after acquiring an additional 1,465,204 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Autodesk by 43.7% during the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after acquiring an additional 670,699 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Down 2.0%

NASDAQ ADSK opened at $280.39 on Monday. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock's 50 day moving average price is $298.04 and its two-hundred day moving average price is $285.60. The stock has a market capitalization of $60.00 billion, a price-to-earnings ratio of 60.04, a PEG ratio of 2.70 and a beta of 1.44.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADSK. Royal Bank Of Canada reissued an "outperform" rating and set a $345.00 price objective (up from $313.03) on shares of Autodesk in a report on Friday, May 23rd. The Goldman Sachs Group boosted their price target on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. KeyCorp restated an "overweight" rating and issued a $350.00 price objective (up from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Bank of America lifted their target price on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Berenberg Bank raised Autodesk from a "hold" rating to a "buy" rating and increased their price target for the company from $325.00 to $365.00 in a research note on Friday, June 27th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $343.64.

Insider Activity

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

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