Banco Bilbao Vizcaya Argentaria S.A. Invests $10.35 Million in Autodesk, Inc. (NASDAQ:ADSK)

Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 34,879 shares of the software company's stock, valued at approximately $10,346,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock worth $6,025,331,000 after purchasing an additional 119,034 shares during the period. Geode Capital Management LLC grew its position in shares of Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after buying an additional 45,623 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Invesco Ltd. lifted its position in Autodesk by 8.7% during the 4th quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock valued at $704,419,000 after acquiring an additional 191,666 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADSK shares. Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus cut their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Macquarie restated an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Finally, Citigroup cut their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents 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.

Autodesk Price Performance

Shares of NASDAQ ADSK traded up $1.54 during midday trading on Monday, reaching $271.47. The stock had a trading volume of 1,171,932 shares, compared to its average volume of 1,635,832. The company has a market capitalization of $57.82 billion, a price-to-earnings ratio of 53.86, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a 50-day moving average of $264.44 and a 200-day moving average of $286.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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.