Findlay Park Partners LLP Has $88.51 Million Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Findlay Park Partners LLP increased its stake in Autodesk by 1.3% during the first quarter, acquiring an additional 4,500 shares, bringing its total ownership to approximately 338,099 shares valued at $88.5 million.
• Several institutional investors have significantly increased their stakes in Autodesk, with notable transactions including GAMMA Investing LLC's 27,505.2% increase and T. Rowe Price's 44.1% stake growth, indicating strong institutional confidence in the company.
• Analysts are optimistic about Autodesk, with multiple firms raising their price targets, including Barclays and Citigroup, suggesting a consensus rating of "Moderate Buy" with a price target around $343.04.

Findlay Park Partners LLP raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 338,099 shares of the software company's stock after buying an additional 4,500 shares during the period. Findlay Park Partners LLP owned about 0.16% of Autodesk worth $88,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ADSK. SouthState Corp increased its holdings in shares of Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company's stock worth $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Autodesk during the first quarter worth approximately $26,000. Close Asset Management Ltd acquired a new stake in shares of Autodesk during the first quarter worth approximately $27,000. Cheviot Value Management LLC acquired a new stake in shares of Autodesk during the first quarter worth approximately $27,000. Finally, Investment Management Corp VA ADV acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Trading Up 9.1%

ADSK stock traded up $26.21 during midday trading on Friday, reaching $314.70. The company's stock had a trading volume of 4,903,855 shares, compared to its average volume of 1,620,912. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $326.62. The stock has a market cap of $67.35 billion, a PE ratio of 67.39, a price-to-earnings-growth ratio of 2.75 and a beta of 1.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business's 50-day simple moving average is $297.30 and its 200-day simple moving average is $284.69.

Analyst Ratings Changes

Several analysts have recently weighed in on ADSK shares. Robert W. Baird raised their price objective on shares of Autodesk from $345.00 to $363.00 and gave the stock an "outperform" rating in a report on Friday. The Goldman Sachs Group increased their price target on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Morgan Stanley reissued an "overweight" rating and set a $370.00 price target (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Berenberg Bank raised shares of 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. Finally, Piper Sandler increased their price target on shares of Autodesk from $361.00 to $373.00 and gave the company an "overweight" rating in a research note on Friday. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $355.22.

Insider Transactions at Autodesk

In other Autodesk 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 value of $1,024,065.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 9,391 shares of company stock valued at $2,909,885 over the last quarter. 0.15% of the stock is currently 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.