IFM Investors Pty Ltd Has $12.86 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

IFM Investors Pty Ltd increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,675 shares of the software company's stock after buying an additional 4,750 shares during the period. IFM Investors Pty Ltd's holdings in Autodesk were worth $12,858,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. Investment Management Corp VA ADV acquired a new position in Autodesk in the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the fourth quarter worth approximately $30,000. Hurley Capital LLC bought a new stake in Autodesk during the fourth quarter worth approximately $44,000. CoreCap Advisors LLC boosted its position in Autodesk by 212.0% during the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after purchasing an additional 106 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its position in Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Performance

ADSK stock traded up $5.42 during midday trading on Friday, hitting $315.76. The stock had a trading volume of 836,362 shares, compared to its average volume of 1,483,374. The firm has a market capitalization of $67.57 billion, a price-to-earnings ratio of 67.61, a P/E/G ratio of 3.05 and a beta of 1.44. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The stock has a 50-day simple moving average of $295.40 and a 200 day simple moving average of $285.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the transaction, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 9,391 shares of company stock valued at $2,909,885 over the last three months. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $360.00 target price (up previously from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Barclays upped their target price on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Oppenheimer reaffirmed an "outperform" rating and set a $350.00 target price (up previously from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Stifel Nicolaus upped their target price on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group upped their target price on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $340.45.

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.