Groupama Asset Managment Grows Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Groupama Asset Management increased its stake in Autodesk, Inc. by 14.3%, with holdings now valued at approximately $3.69 million.
• Institutional investors collectively own 90.24% of Autodesk's stock, indicating significant institutional interest in the company.
• Analysts maintain a generally positive outlook on Autodesk, with several raising their target prices and issuing ratings of "buy" and "overweight."

Groupama Asset Managment grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,091 shares of the software company's stock after acquiring an additional 1,766 shares during the quarter. Groupama Asset Managment's holdings in Autodesk were worth $3,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Farallon Capital Management LLC bought a new position in shares of Autodesk in the fourth quarter valued at approximately $544,381,000. GAMMA Investing LLC lifted its holdings 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 in the last quarter. Nuveen LLC bought a new position in shares of Autodesk in the first quarter valued at approximately $278,383,000. Janus Henderson Group PLC lifted its holdings in shares of Autodesk by 43.7% in 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 purchasing an additional 670,699 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 valued at $902,597,000 after purchasing an additional 667,763 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 3,251 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 9,391 shares of company stock valued at $2,909,885 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent research reports. Barclays raised their target price on Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. 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 report on Friday, June 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $340.00 price target on shares of Autodesk in a research report on Tuesday, May 20th. Morgan Stanley reissued an "overweight" rating and issued a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Bank of America boosted their price objective on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $343.04.

Autodesk Stock Performance

Autodesk stock traded up $4.17 during trading on Friday, hitting $290.23. The stock had a trading volume of 1,116,901 shares, compared to its average volume of 1,298,137. Autodesk, Inc. has a 1 year low of $232.67 and a 1 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 stock's 50 day moving average is $298.19 and its two-hundred day moving average is $285.08. The stock has a market cap of $62.11 billion, a price-to-earnings ratio of 62.15, a price-to-earnings-growth ratio of 2.79 and a beta of 1.46.

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.