APG Asset Management US Inc. Acquires New Shares in Autodesk, Inc. (NASDAQ:ADSK)

APG Asset Management US Inc. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,768 shares of the software company's stock, valued at approximately $2,000,000.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC raised its holdings in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk during the fourth quarter worth about $30,000. Addison Advisors LLC lifted its stake in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the fourth quarter worth $37,000. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

Shares of Autodesk stock traded up $0.84 on Monday, reaching $259.29. The stock had a trading volume of 307,827 shares, compared to its average volume of 1,691,028. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. 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 $55.23 billion, a P/E ratio of 51.45, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The business's 50-day moving average price is $272.44 and its two-hundred day moving average price is $287.38.

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Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was acquired 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. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Citigroup reduced their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Bank of America boosted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Oppenheimer dropped their target price on Autodesk from $350.00 to $300.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus reduced their target price on Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.82.

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.