Wellington Management Group LLP Acquires 35,194 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Wellington Management Group LLP raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,917 shares of the software company's stock after purchasing an additional 35,194 shares during the period. Wellington Management Group LLP owned 0.14% of Autodesk worth $88,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Autodesk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock worth $6,025,331,000 after acquiring an additional 119,034 shares during the period. Geode Capital Management LLC lifted its stake in shares of Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after acquiring an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Autodesk by 28.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock worth $902,597,000 after acquiring an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after acquiring an additional 2,307,960 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Autodesk by 20.6% in the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after acquiring an additional 420,838 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ADSK shares. DA Davidson set a $305.00 target price on shares of Autodesk and gave the company a "neutral" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer reissued an "outperform" rating and issued a $350.00 target price (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. The Goldman Sachs Group boosted their target price on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Mizuho decreased their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

Autodesk Price Performance

Shares of ADSK stock traded down $1.37 during mid-day trading on Friday, reaching $295.63. The company's stock had a trading volume of 4,533,884 shares, compared to its average volume of 1,634,630. The company has a market cap of $63.25 billion, a P/E ratio of 58.66, a PEG ratio of 2.94 and a beta of 1.47. 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's 50-day moving average is $274.48 and its two-hundred day moving average is $286.35. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's 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 completion of the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

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.