Universal Beteiligungs und Servicegesellschaft mbH Has $130.03 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,675 shares of the software company's stock after selling 5,064 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.23% of Autodesk worth $130,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Spire Wealth Management raised its position in shares of Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after acquiring an additional 50 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Autodesk in the 1st quarter worth about $324,000. Cambridge Investment Research Advisors Inc. increased its position in Autodesk by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock valued at $3,565,000 after buying an additional 229 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Autodesk by 27.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after buying an additional 9,222 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after buying an additional 290 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. The trade was a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by insiders.

Autodesk Stock Performance

Shares of Autodesk stock traded up $3.53 on Tuesday, hitting $298.69. 241,847 shares of the company's stock were exchanged, compared to its average volume of 1,523,290. The company has a 50-day simple moving average of $298.88 and a 200-day simple moving average of $285.48. The stock has a market capitalization of $63.92 billion, a PE ratio of 63.87, a PEG ratio of 2.86 and a beta of 1.44. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Analysts Set New Price Targets

ADSK has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Mizuho decreased their price target on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $360.00 price target (up previously from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Berenberg Bank raised shares of Autodesk from a "hold" rating to a "buy" rating and upped their price target for the stock from $325.00 to $365.00 in a report on Friday, June 27th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $342.61.

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.

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