Vident Advisory LLC Grows Stock Holdings in Autodesk, Inc. $ADSK

Key Points

• Vident Advisory LLC increased its stake in Autodesk, Inc. by 75.1%, owning approximately 0.05% of the company, which is valued at around $30.4 million.
• Several hedge funds have also recently bought or sold Autodesk shares, with institutional investors owning 90.24% of the company's stock.
• Wall Street analysts have raised their price targets for Autodesk, with a consensus rating of "Moderate Buy" and an average target price of $343.04.

Vident Advisory LLC boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 75.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 116,132 shares of the software company's stock after purchasing an additional 49,795 shares during the period. Vident Advisory LLC owned approximately 0.05% of Autodesk worth $30,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Farallon Capital Management LLC acquired a new stake in Autodesk during the 4th quarter worth about $544,381,000. GAMMA Investing LLC grew its position in Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after purchasing an additional 1,465,204 shares during the period. Nuveen LLC acquired a new stake in Autodesk during the 1st quarter worth about $278,383,000. T. Rowe Price Investment Management Inc. grew its position in Autodesk by 44.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after purchasing an additional 1,016,187 shares during the period. Finally, Janus Henderson Group PLC grew its position in Autodesk by 43.7% during the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after purchasing an additional 670,699 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Autodesk stock traded down $3.65 during midday trading on Wednesday, reaching $315.51. The company had a trading volume of 879,328 shares, compared to its average volume of 1,622,546. The company has a market capitalization of $67.52 billion, a P/E ratio of 65.34, a P/E/G ratio of 3.03 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $326.62. The firm's fifty day simple moving average is $298.23 and its 200-day simple moving average is $284.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.65.

Insider Transactions at Autodesk

In other Autodesk news, Director Ayanna Howard sold 3,159 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares of the company's stock, valued at $1,427,725. This trade represents a 41.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the firm's 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 transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,679 shares of company stock worth $5,916,595 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADSK shares. The Goldman Sachs Group increased their price target on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. DA Davidson reaffirmed a "buy" rating and set a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. Morgan Stanley raised their target price on Autodesk from $370.00 to $385.00 and gave the company an "overweight" rating in a research report on Sunday. Robert W. Baird raised their target price on Autodesk from $345.00 to $363.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Royal Bank Of Canada raised their target price on Autodesk from $345.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $356.83.

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.