IFM Investors Pty Ltd Has $13.98 Million Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• IFM Investors Pty Ltd increased its stake in Autodesk, Inc. by 5.1%, owning a total of 45,152 shares valued at approximately $13,978,000 after acquiring an additional 2,177 shares.
• In recent transactions, several institutional investors raised their stakes in Autodesk, with T. Rowe Price Investment Management Inc. seeing a notable increase of 44.1% in their position.
• Insider trading was noted as executives sold a total of 43,374 shares worth about $13,899,261 over the last quarter, with only 0.15% of the stock currently owned by company insiders.

IFM Investors Pty Ltd increased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,152 shares of the software company's stock after acquiring an additional 2,177 shares during the period. IFM Investors Pty Ltd's holdings in Autodesk were worth $13,978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Bigelow Investment Advisors LLC lifted its stake in shares of Autodesk by 3.7% in the second quarter. Bigelow Investment Advisors LLC now owns 1,599 shares of the software company's stock valued at $495,000 after purchasing an additional 57 shares during the period. Fulton Bank N.A. purchased a new position in shares of Autodesk in the second quarter valued at $240,000. NorthCrest Asset Manangement LLC acquired a new position in shares of Autodesk in the 2nd quarter valued at approximately $355,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Autodesk by 21.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 52,102 shares of the software company's stock valued at $16,498,000 after acquiring an additional 9,276 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new position in shares of Autodesk during the second quarter worth about $111,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Macquarie raised their price target on shares of Autodesk from $360.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Bank of America lifted their price target on shares of Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Wells Fargo & Company increased their price objective on Autodesk from $360.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Finally, UBS Group boosted their price objective on shares of Autodesk from $370.00 to $385.00 and gave the company a "buy" rating in a report on Friday, August 29th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $356.83.

Insider Buying and Selling at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the sale, the executive vice president owned 80,255 shares of the company's stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,374 shares of company stock worth $13,899,261. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

Autodesk stock traded down $0.37 during trading on Friday, reaching $322.67. The company had a trading volume of 3,364,367 shares, compared to its average volume of 1,756,348. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm's 50-day simple moving average is $302.39 and its 200 day simple moving average is $288.35. The firm has a market capitalization of $68.73 billion, a PE ratio of 66.81, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09.

About Autodesk

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.