Groupama Asset Managment Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Groupama Asset Managment increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.8% in the fourth quarter, HoldingsChannel reports. The firm owned 12,325 shares of the software company’s stock after buying an additional 3,510 shares during the quarter. Groupama Asset Managment’s holdings in Autodesk were worth $3,667,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its holdings in Autodesk by 196.2% in the 4th 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 last quarter. Brookstone Capital Management grew its position in shares of Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Autodesk in the fourth quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. lifted its position in Autodesk by 25.5% during the fourth 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 stake in Autodesk in the 4th quarter worth about $3,453,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 1.1 %

NASDAQ:ADSK opened at $264.61 on Wednesday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The business’s 50-day simple moving average is $282.77 and its 200 day simple moving average is $288.57. 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 stock has a market cap of $56.36 billion, a price-to-earnings ratio of 52.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Robert W. Baird lowered their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Insider Buying and Selling at Autodesk

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

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.