Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by World Investment Advisors

World Investment Advisors increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,760 shares of the software company's stock after buying an additional 925 shares during the period. World Investment Advisors' holdings in Autodesk were worth $4,388,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Norges Bank bought a new stake in Autodesk during the fourth quarter valued at about $632,566,000. Farallon Capital Management LLC acquired a new stake in Autodesk in the fourth quarter worth about $544,381,000. GAMMA Investing LLC boosted its holdings in Autodesk by 27,505.2% in the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after acquiring an additional 1,465,204 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after acquiring an additional 670,699 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of ADSK traded down $0.99 during trading hours on Wednesday, hitting $313.92. 978,507 shares of the stock were exchanged, compared to its average volume of 1,487,815. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62. The company has a market cap of $67.18 billion, a price-to-earnings ratio of 67.22, a price-to-earnings-growth ratio of 3.04 and a beta of 1.44. The stock's 50-day moving average price is $297.11 and its two-hundred day moving average price is $285.88.

Analysts Set New Price Targets

Several brokerages have weighed in on ADSK. Rosenblatt Securities reissued a "buy" rating and issued a $340.00 price target on shares of Autodesk in a report on Tuesday, May 20th. BMO Capital Markets raised their price target on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a report on Friday, May 23rd. DA Davidson raised Autodesk from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $305.00 to $375.00 in a report on Monday. Mizuho cut 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. Finally, Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and increased their price target for the stock from $325.00 to $365.00 in a report on Friday, June 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Autodesk has an average rating of "Moderate Buy" and an average price target of $343.64.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the sale, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,391 shares of company stock worth $2,909,885 in the last three months. 0.15% of the stock is currently owned by insiders.

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.