Lecap Asset Management Ltd. Raises Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Lecap Asset Management Ltd. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1,163.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,106 shares of the software company's stock after buying an additional 11,148 shares during the quarter. Autodesk makes up 0.7% of Lecap Asset Management Ltd.'s holdings, making the stock its 22nd biggest holding. Lecap Asset Management Ltd.'s holdings in Autodesk were worth $3,169,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Moran Wealth Management LLC increased its position in Autodesk by 1,375.5% in the 1st quarter. Moran Wealth Management LLC now owns 38,466 shares of the software company's stock valued at $10,070,000 after acquiring an additional 35,859 shares during the period. Legacy Advisors LLC increased its stake in shares of Autodesk by 7.8% in the first quarter. Legacy Advisors LLC now owns 1,059 shares of the software company's stock valued at $277,000 after buying an additional 77 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Autodesk by 8.5% in the first quarter. Asset Management One Co. Ltd. now owns 90,788 shares of the software company's stock valued at $23,768,000 after acquiring an additional 7,119 shares during the last quarter. Crewe Advisors LLC raised its holdings in Autodesk by 73.7% during the 1st quarter. Crewe Advisors LLC now owns 535 shares of the software company's stock worth $140,000 after purchasing an additional 227 shares during the last quarter. Finally, Whalen Wealth Management Inc. bought a new stake in shares of Autodesk in the 1st quarter valued at $427,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADSK. BMO Capital Markets boosted their target price on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Macquarie restated an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Stifel Nicolaus boosted their price target on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. KeyCorp reiterated an "overweight" rating and issued a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $345.00 price target (up from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Activity

In other news, EVP Rebecca Pearce sold 2,544 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $305.00, for a total value of $775,920.00. Following the transaction, the executive vice president now directly owns 25,801 shares in the company, valued at approximately $7,869,305. This represents a 8.98% 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. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,539 shares of company stock worth $1,592,002 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

Autodesk Price Performance

NASDAQ ADSK traded up $2.56 during trading hours on Thursday, hitting $304.93. The company had a trading volume of 1,159,892 shares, compared to its average volume of 1,482,752. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The firm has a market capitalization of $65.26 billion, a price-to-earnings ratio of 65.30, a PEG ratio of 2.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50 day simple moving average of $288.75 and a 200 day simple moving average of $285.44.

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.