40,747 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 40,747 shares of the software company's stock, valued at approximately $12,044,000.

A number of other large investors have also added to or reduced their stakes in ADSK. Merit Financial Group LLC raised its stake in Autodesk by 84.2% during the fourth quarter. Merit Financial Group LLC now owns 1,728 shares of the software company's stock valued at $511,000 after buying an additional 790 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Autodesk during the fourth quarter valued at $210,000. Atomi Financial Group Inc. raised its stake in Autodesk by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 2,179 shares of the software company's stock valued at $644,000 after buying an additional 102 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in Autodesk during the fourth quarter valued at $206,000. Finally, Lifestyle Asset Management Inc. raised its stake in Autodesk by 1.7% during the fourth quarter. Lifestyle Asset Management Inc. now owns 4,245 shares of the software company's stock valued at $1,255,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. KeyCorp reissued an "overweight" rating and issued a $350.00 target price (up previously from $323.00) on shares of Autodesk in a report on Friday, May 23rd. 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. UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Barclays lifted their target price on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Autodesk Stock Performance

NASDAQ:ADSK traded down $1.13 during mid-day trading on Wednesday, hitting $299.23. 1,475,004 shares of the company traded hands, compared to its average volume of 1,640,287. The stock's fifty day moving average price is $272.84 and its 200-day moving average price is $286.47. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. 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 firm has a market cap of $64.02 billion, a price-to-earnings ratio of 59.37, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

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.