Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 46.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,500 shares of the software company's stock after purchasing an additional 11,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Autodesk were worth $10,788,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ADSK. China Universal Asset Management Co. Ltd. increased its holdings in Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after buying an additional 5,365 shares during the period. Brookstone Capital Management raised its position in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after acquiring an additional 26,768 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Autodesk in the 4th quarter worth $13,906,000. Robeco Institutional Asset Management B.V. boosted 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 valued at $88,711,000 after purchasing an additional 60,963 shares in the last quarter. Finally, GAM Holding AG purchased a new position in Autodesk in the fourth quarter valued at about $3,453,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

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Autodesk Stock Performance

ADSK stock traded up $0.93 during midday trading on Friday, hitting $257.85. 362,974 shares of the stock traded hands, compared to its average volume of 1,690,537. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock's fifty day simple moving average is $273.41 and its 200-day simple moving average is $287.35. The firm has a market cap of $54.92 billion, a P/E ratio of 51.10, a PEG ratio of 2.94 and a beta of 1.49.

Insider Activity

In related news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. UBS Group upped their price target on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Morgan Stanley increased their price objective on Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Citigroup dropped 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. Finally, Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and increased their price target for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $329.64.

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.