Seilern Investment Management Ltd Makes New $8.11 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

Seilern Investment Management Ltd purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 30,977 shares of the software company's stock, valued at approximately $8,110,000. Autodesk comprises approximately 0.5% of Seilern Investment Management Ltd's holdings, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wedmont Private Capital grew its stake in shares of Autodesk by 10.3% in the 1st quarter. Wedmont Private Capital now owns 3,943 shares of the software company's stock valued at $1,019,000 after purchasing an additional 369 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Autodesk in the 1st quarter valued at $327,000. Procyon Advisors LLC grew its position in Autodesk by 6.8% in the 1st quarter. Procyon Advisors LLC now owns 24,954 shares of the software company's stock valued at $6,533,000 after buying an additional 1,583 shares during the last quarter. E. Ohman J or Asset Management AB grew its position in Autodesk by 6.4% in the 1st quarter. E. Ohman J or Asset Management AB now owns 124,850 shares of the software company's stock valued at $32,686,000 after buying an additional 7,562 shares during the last quarter. Finally, HF Advisory Group LLC grew its position in Autodesk by 43.4% in the 1st quarter. HF Advisory Group LLC now owns 3,957 shares of the software company's stock valued at $1,036,000 after buying an additional 1,197 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Autodesk Trading Down 0.1%

NASDAQ ADSK opened at $297.86 on Friday. Autodesk, Inc. has a one year low of $205.86 and a one year high of $326.62. The company's 50 day moving average price is $277.69 and its 200 day moving average price is $285.94. 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 market capitalization of $63.74 billion, a price-to-earnings ratio of 59.10, a PEG ratio of 2.94 and a beta of 1.45.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADSK. The Goldman Sachs Group lifted their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Oppenheimer restated an "outperform" rating and set a $350.00 target price (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Stifel Nicolaus boosted their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Robert W. Baird boosted their price objective on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Scotiabank decreased their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $337.45.

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.

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.