Autodesk, Inc. (NASDAQ:ADSK) Stake Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 198,109 shares of the software company's stock after selling 13,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Autodesk worth $58,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its holdings in Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after acquiring an additional 5,365 shares during the period. Brookstone Capital Management raised its stake in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after buying an additional 26,768 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Autodesk during the 4th quarter worth approximately $13,906,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Autodesk by 25.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock worth $88,711,000 after buying an additional 60,963 shares during the period. Finally, GAM Holding AG acquired a new position in shares of Autodesk during the 4th quarter worth approximately $3,453,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADSK shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Robert W. Baird increased their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday. UBS Group increased their price objective on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Barclays reduced 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, Macquarie restated an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.32.

Autodesk Stock Performance

Shares of Autodesk stock traded up $2.30 on Friday, reaching $298.08. 1,901,492 shares of the company were exchanged, compared to its average volume of 1,622,687. 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 company's 50-day moving average is $266.67 and its two-hundred day moving average is $286.38. The firm has a market cap of $63.77 billion, a price-to-earnings ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value 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. This trade represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

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.