Napean Trading & Investment Co Singapore PTE Ltd Increases Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Napean Trading & Investment Co Singapore PTE Ltd increased its stake in Autodesk, Inc. by 58.2%, acquiring an additional 6,380 shares and bringing its total holdings to 17,346 shares, valued at approximately $4.5 million.
• The majority (90.24%) of Autodesk's stock is held by institutional investors, with multiple hedge funds recently increasing their positions in the company.
• Analysts have raised their price targets for Autodesk, with Stifel Nicolaus and Mizuho both setting an updated target of $375 and giving the stock a "buy" rating.

Napean Trading & Investment Co Singapore PTE Ltd increased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 58.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,346 shares of the software company's stock after acquiring an additional 6,380 shares during the quarter. Autodesk makes up about 1.3% of Napean Trading & Investment Co Singapore PTE Ltd's portfolio, making the stock its 27th biggest holding. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Autodesk were worth $4,541,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company's stock worth $5,440,968,000 after acquiring an additional 397,458 shares in the last quarter. Ninety One UK Ltd boosted its stake in Autodesk by 1.6% during the 1st quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock worth $1,347,400,000 after purchasing an additional 79,900 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after buying an additional 1,016,187 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Autodesk by 28.0% during 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 worth $902,597,000 after buying an additional 667,763 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Autodesk by 4.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock worth $785,470,000 after buying an additional 124,948 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Trading Up 2.0%

Shares of ADSK traded up $6.44 during mid-day trading on Friday, reaching $326.37. The stock had a trading volume of 1,632,149 shares, compared to its average volume of 1,789,394. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $326.85. The business's fifty day moving average is $299.25 and its 200 day moving average is $285.32. The firm has a market cap of $69.52 billion, a price-to-earnings ratio of 67.57, a P/E/G ratio of 2.89 and a beta of 1.49.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent research reports. Berenberg Bank set a $370.00 price target on shares of Autodesk in a research report on Monday, September 1st. Macquarie boosted their price target on shares of Autodesk from $360.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. The Goldman Sachs Group boosted their price target on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Oppenheimer boosted their price target on shares of Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Loop Capital initiated coverage on shares of Autodesk in a research report on Monday, July 21st. They set a "hold" rating and a $320.00 price target on the stock. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $356.83.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares of the company's stock, valued at approximately $4,300,251.66. This represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares of the company's stock, valued at $25,288,350.50. This represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,440 shares of company stock valued at $6,786,586. 0.15% of the stock is owned by company insiders.

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.