BI Asset Management Fondsmaeglerselskab A S Purchases New Stake in Autodesk, Inc. (NASDAQ:ADSK)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 48,002 shares of the software company's stock, valued at approximately $14,188,000.

Several other large investors have also recently added to or reduced their stakes in the business. Dnca Finance acquired a new position in shares of Autodesk in the 4th quarter valued at $3,916,000. Forum Financial Management LP increased its stake in Autodesk by 9.5% during the 4th quarter. Forum Financial Management LP now owns 1,002 shares of the software company's stock worth $296,000 after buying an additional 87 shares during the period. GeoWealth Management LLC grew its stake in shares of Autodesk by 15.6% during the fourth quarter. GeoWealth Management LLC now owns 3,456 shares of the software company's stock valued at $1,021,000 after acquiring an additional 467 shares in the last quarter. Commerce Bank increased its holdings in Autodesk by 0.9% during the 4th quarter. Commerce Bank now owns 16,694 shares of the software company's stock worth $4,934,000 after purchasing an additional 157 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Autodesk by 5.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 190,208 shares of the software company's stock valued at $56,190,000 after buying an additional 9,651 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Autodesk Stock Performance

Shares of Autodesk stock traded up $3.40 during trading on Wednesday, reaching $264.54. The company's stock had a trading volume of 1,021,670 shares, compared to its average volume of 1,645,167. The business's fifty day moving average price is $266.34 and its 200-day moving average price is $286.75. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market cap of $56.35 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. KeyCorp lowered their price target on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group increased their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Barclays decreased their price target on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Finally, Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $321.36.

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.