Voya Investment Management LLC Has $121.81 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Voya Investment Management LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 422.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 412,113 shares of the software company's stock after acquiring an additional 333,258 shares during the period. Voya Investment Management LLC owned approximately 0.19% of Autodesk worth $121,808,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Autodesk in the 4th quarter worth $25,000. Tradewinds Capital Management LLC increased its stake in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the 4th quarter worth about $30,000. Addison Advisors LLC lifted its stake in shares of 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 in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADSK. 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. Oppenheimer restated an "outperform" rating on shares of Autodesk in a report on Thursday. UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Robert W. Baird reduced their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Finally, KeyCorp decreased their target price on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.36.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

ADSK traded up $1.54 during trading hours on Monday, hitting $271.47. 1,171,932 shares of the stock were exchanged, compared to its average volume of 1,635,832. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a 50-day simple moving average of $264.44 and a 200-day simple moving average of $286.72. The stock has a market cap 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 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.