DekaBank Deutsche Girozentrale Has $85.91 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

DekaBank Deutsche Girozentrale raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,767 shares of the software company's stock after buying an additional 56,394 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.16% of Autodesk worth $85,910,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ADSK. Acadian Asset Management LLC increased its stake in shares of Autodesk by 351.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company's stock worth $775,000 after purchasing an additional 2,820 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Autodesk by 71.7% during the 1st quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company's stock worth $960,000 after purchasing an additional 1,871 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Autodesk by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 4,691 shares of the software company's stock worth $1,006,000 after purchasing an additional 164 shares in the last quarter. Moors & Cabot Inc. purchased a new position in shares of Autodesk during the 1st quarter worth approximately $218,000. Finally, Dakota Wealth Management increased its stake in shares of Autodesk by 18.0% during the 1st quarter. Dakota Wealth Management now owns 1,915 shares of the software company's stock worth $411,000 after purchasing an additional 292 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded down $0.07 during midday trading on Friday, hitting $244.74. The company's stock had a trading volume of 1,318,200 shares, compared to its average volume of 1,196,249. Autodesk, Inc. has a 1-year low of $188.38 and a 1-year high of $279.53. The firm's fifty day moving average price is $257.09 and its 200-day moving average price is $233.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The firm has a market cap of $52.35 billion, a P/E ratio of 58.13, a P/E/G ratio of 3.37 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. Autodesk's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADSK. Piper Sandler Companies raised their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. The Goldman Sachs Group raised their target price on shares of Autodesk from $180.00 to $230.00 and gave the stock a "sell" rating in a research report on Friday, March 1st. Barclays raised their target price on shares of Autodesk from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. KeyCorp raised their target price on shares of Autodesk from $275.00 to $320.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Finally, Piper Sandler raised their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and a consensus price target of $272.44.

Insider Activity

In other news, CAO Stephen W. Hope sold 1,757 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Autodesk news, Director Stacy J. Smith sold 7,554 shares of the company's stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $244.00, for a total value of $1,843,176.00. Following the transaction, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Stephen W. Hope sold 1,757 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The disclosure for this sale can be found here. Insiders have sold 46,770 shares of company stock worth $12,065,385 over the last 90 days. 0.14% of the stock is owned by company 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.