Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 590,571 shares of the software company's stock after purchasing an additional 33,342 shares during the quarter. Lazard Asset Management LLC owned about 0.27% of Autodesk worth $174,553,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after acquiring an additional 119,034 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after purchasing an additional 45,623 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Autodesk by 406.8% in 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 during the period. Northern Trust Corp raised its stake in shares of Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after purchasing an additional 420,838 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Autodesk by 8.7% during the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock worth $704,419,000 after purchasing an additional 191,666 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADSK. Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Oppenheimer restated an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Wells Fargo & Company dropped their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

Autodesk Price Performance

NASDAQ:ADSK traded up $0.24 during mid-day trading on Thursday, hitting $295.78. 1,780,822 shares of the company's stock traded hands, compared to its average volume of 1,620,681. 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 simple moving average is $265.73 and its 200 day simple moving average is $286.31. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a market cap of $63.28 billion, a PE ratio of 58.69, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling at Autodesk

In other Autodesk 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 purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

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.