Robeco Institutional Asset Management B.V. Has $108.21 Million Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Robeco Institutional Asset Management B.V. has reduced its holdings in Autodesk, Inc. by 8.6%, now owning 349,561 shares valued at approximately $108.21 million.
• Several institutional investors increased their stakes in Autodesk, with notable increases from Brighton Jones LLC (14.5%) and Merit Financial Group LLC (304.1%) during recent reporting periods.
• Analysts have raised their price targets for Autodesk, with Morgan Stanley and Barclays both increasing their target to $385.00, indicating a positive outlook for the stock.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 349,561 shares of the software company's stock after selling 32,780 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Autodesk worth $108,214,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ADSK. Brighton Jones LLC lifted its position in Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after buying an additional 147 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Autodesk by 304.1% in the first quarter. Merit Financial Group LLC now owns 6,983 shares of the software company's stock valued at $1,828,000 after acquiring an additional 5,255 shares during the last quarter. HF Advisory Group LLC raised its holdings in Autodesk by 43.4% during the first quarter. HF Advisory Group LLC now owns 3,957 shares of the software company's stock worth $1,036,000 after acquiring an additional 1,197 shares in the last quarter. E. Ohman J or Asset Management AB raised its holdings in Autodesk by 6.4% during the first quarter. E. Ohman J or Asset Management AB now owns 124,850 shares of the software company's stock worth $32,686,000 after acquiring an additional 7,562 shares in the last quarter. Finally, Procyon Advisors LLC boosted its position in Autodesk by 6.8% during the first quarter. Procyon Advisors LLC now owns 24,954 shares of the software company's stock valued at $6,533,000 after purchasing an additional 1,583 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Transactions at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the sale, the executive vice president directly owned 13,311 shares of the company's stock, valued at approximately $4,300,251.66. This trade represents a 31.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the transaction, the executive vice president directly owned 13,099 shares in the company, valued at approximately $4,240,801.25. This represents a 63.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on ADSK. Morgan Stanley boosted their price target on Autodesk from $370.00 to $385.00 and gave the stock an "overweight" rating in a research report on Sunday, August 31st. Barclays upped their price target on shares of Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Oppenheimer lifted their price objective on shares of Autodesk from $350.00 to $375.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Loop Capital assumed coverage on shares of Autodesk in a report on Monday, July 21st. They issued a "hold" rating and a $320.00 target price on the stock. Finally, Mizuho lifted their price target on Autodesk from $350.00 to $375.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $359.13.

Autodesk Stock Up 1.6%

Autodesk stock opened at $320.91 on Friday. The company's 50-day moving average price is $307.06 and its two-hundred day moving average price is $292.28. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock has a market cap of $68.35 billion, a P/E ratio of 66.44, a P/E/G ratio of 2.80 and a beta of 1.49. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

About Autodesk

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.

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