501,739 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 501,739 shares of the software company's stock, valued at approximately $148,299,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.23% of Autodesk as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Brucke Financial Inc. bought a new stake in Autodesk during the fourth quarter worth $207,000. Jefferies Financial Group Inc. purchased a new stake in Autodesk during the 4th quarter valued at $2,121,000. Integrated Advisors Network LLC bought a new stake in Autodesk during the fourth quarter valued at approximately $203,000. Putney Financial Group LLC purchased a new position in Autodesk in the 4th quarter worth approximately $61,000. Finally, AlphaCore Capital LLC boosted its holdings in shares of Autodesk by 19.0% in the 4th quarter. AlphaCore Capital LLC now owns 1,485 shares of the software company's stock worth $439,000 after purchasing an additional 237 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADSK. BMO Capital Markets increased their price target on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Stifel Nicolaus upped their price objective on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. KeyCorp reissued an "overweight" rating and set a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Robert W. Baird boosted their target price on Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Piper Sandler raised their price objective on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $337.45.

Autodesk Stock Down 0.4%

NASDAQ ADSK traded down $1.13 on Wednesday, hitting $299.23. 1,476,315 shares of the stock were exchanged, compared to its average volume of 1,639,474. The company has a 50-day moving average price of $273.48 and a 200-day moving average price of $286.56. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $64.02 billion, a PE ratio of 59.37, a PEG ratio of 2.94 and a beta of 1.47.

Autodesk 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.