Dimensional Fund Advisors LP Acquires 25,477 Shares of Autodesk, Inc. $ADSK

Dimensional Fund Advisors LP boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,028,792 shares of the software company's stock after purchasing an additional 25,477 shares during the quarter. Dimensional Fund Advisors LP owned about 0.48% of Autodesk worth $269,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Farallon Capital Management LLC bought a new position in Autodesk in the 4th quarter valued at about $544,381,000. GAMMA Investing LLC grew its position in shares of Autodesk by 27,505.2% in the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after purchasing an additional 1,465,204 shares during the last quarter. Nuveen LLC bought a new position in shares of Autodesk during the first quarter worth approximately $278,383,000. Janus Henderson Group PLC lifted its holdings in Autodesk by 43.7% during the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after purchasing an additional 670,699 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Autodesk by 28.0% in the 4th 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 valued at $902,597,000 after purchasing an additional 667,763 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their target price on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Macquarie reaffirmed an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, July 11th. Barclays boosted their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Robert W. Baird raised their target price on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Piper Sandler lifted their price target on shares of Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $342.61.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business's 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 sale, the executive vice president owned 19,440 shares of the company's stock, valued at approximately $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 9,391 shares of company stock valued at $2,909,885 in the last quarter. Company insiders own 0.15% of the company's stock.

Autodesk Trading Up 1.1%

ADSK opened at $286.73 on Monday. The company has a market cap of $61.36 billion, a P/E ratio of 61.40, a PEG ratio of 2.76 and a beta of 1.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company's 50 day moving average is $298.96 and its 200-day moving average is $285.62. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $326.62.

Autodesk 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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