Janus Henderson Group PLC Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Janus Henderson Group PLC grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 43.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,206,237 shares of the software company's stock after buying an additional 670,699 shares during the quarter. Janus Henderson Group PLC owned 1.03% of Autodesk worth $652,127,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. JARISLOWSKY FRASER Ltd lifted its holdings in shares of Autodesk by 0.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 414,120 shares of the software company's stock worth $122,401,000 after buying an additional 2,538 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Autodesk in the 4th quarter worth $2,121,000. Gotham Asset Management LLC lifted its holdings in shares of Autodesk by 7.0% in the 4th quarter. Gotham Asset Management LLC now owns 3,103 shares of the software company's stock worth $917,000 after buying an additional 204 shares during the period. Ellevest Inc. lifted its holdings in shares of Autodesk by 6.1% in the 4th quarter. Ellevest Inc. now owns 1,556 shares of the software company's stock worth $460,000 after buying an additional 90 shares during the period. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Autodesk by 3.1% in the 4th quarter. Ensign Peak Advisors Inc now owns 26,837 shares of the software company's stock worth $7,932,000 after buying an additional 801 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADSK shares. Stifel Nicolaus lowered their target price on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Morgan Stanley decreased their price objective on Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Bank of America upped their price objective on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Barclays decreased their price objective on Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company decreased their price objective on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $321.36.

Autodesk Stock Down 0.5%

Autodesk stock traded down $1.47 during midday trading on Wednesday, reaching $295.54. The company's stock had a trading volume of 1,353,214 shares, compared to its average volume of 1,618,563. The stock's 50-day simple moving average is $265.73 and its 200-day simple moving average is $286.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a market capitalization of $63.23 billion, a P/E ratio of 58.64, a PEG ratio of 2.94 and a beta of 1.47.

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.