OMERS ADMINISTRATION Corp Acquires 1,320 Shares of Autodesk, Inc. $ADSK

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Autodesk, Inc. by 9.6% during the first quarter, bringing its total holdings to 15,070 shares valued at approximately $3.95 million.
• Several institutional investors, including SouthState Corp and Costello Asset Management, also increased their positions, indicating a growing interest in the company, with hedge funds owning 90.24% of Autodesk's stock.
• Analysts are optimistic about Autodesk's future, with multiple firms raising target prices; Morgan Stanley and KeyCorp set new targets at $370.00 and $350.00, respectively.

OMERS ADMINISTRATION Corp increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,070 shares of the software company's stock after buying an additional 1,320 shares during the period. OMERS ADMINISTRATION Corp's holdings in Autodesk were worth $3,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 buying an additional 397,458 shares during the period. Ninety One UK Ltd boosted its holdings in Autodesk by 1.6% in the 1st quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock valued at $1,347,400,000 after purchasing an additional 79,900 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Autodesk by 44.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock valued at $868,736,000 after purchasing an additional 1,016,187 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Autodesk by 28.0% in the 4th 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 during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 4.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company's stock valued at $785,470,000 after purchasing an additional 124,948 shares during the period. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ADSK. Berenberg Bank set a $370.00 price target on shares of Autodesk in a report on Monday. DA Davidson restated a "buy" rating and set a $375.00 price objective on shares of Autodesk in a research report on Friday, August 29th. Rosenblatt Securities raised their price objective on shares of Autodesk from $345.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, August 29th. UBS Group raised their price objective on shares of Autodesk from $370.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $356.83.

Autodesk Trading Down 1.2%

Shares of ADSK traded down $3.72 during trading hours on Wednesday, reaching $315.44. 646,945 shares of the company traded hands, compared to its average volume of 1,621,178. The company's fifty day moving average price is $298.23 and its two-hundred day moving average price is $284.90. The company has a market capitalization of $67.50 billion, a price-to-earnings ratio of 65.32, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $326.62.

Insider Transactions at Autodesk

In other news, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director owned 4,393 shares of the company's stock, valued at approximately $1,427,725. The trade was a 41.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated 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 sale, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. The trade was a 31.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,679 shares of company stock worth $5,916,595 in the last ninety days. Insiders own 0.15% of the company's stock.

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.