OVERSEA CHINESE BANKING Corp Ltd Has $11.82 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1,553.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,139 shares of the software company's stock after acquiring an additional 42,409 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Autodesk were worth $11,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk in the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Autodesk in the 4th quarter worth approximately $30,000. Abound Financial LLC acquired a new stake in shares of Autodesk in the 1st quarter worth approximately $35,000. Hurley Capital LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $44,000. Finally, CoreCap Advisors LLC lifted its stake in Autodesk by 212.0% during the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after purchasing an additional 106 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the transaction, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 9,391 shares of company stock worth $2,909,885. Corporate insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ADSK shares. Morgan Stanley reissued an "overweight" rating and set a $370.00 target price (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Mizuho cut their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company reissued an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $345.00 target price (up from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Bank of America upped their price target on shares of Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Autodesk Stock Up 0.9%

Autodesk stock traded up $2.69 during trading hours on Thursday, hitting $292.16. The company had a trading volume of 1,639,190 shares, compared to its average volume of 1,522,189. The firm has a market capitalization of $62.52 billion, a P/E ratio of 62.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm's fifty day moving average is $298.69 and its 200-day moving average is $285.59. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62.

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.