Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Increased by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,031 shares of the software company's stock after purchasing an additional 25,199 shares during the period. Autodesk comprises 1.0% of Achmea Investment Management B.V.'s investment portfolio, making the stock its 14th biggest position. Achmea Investment Management B.V. owned approximately 0.11% of Autodesk worth $56,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in Autodesk during the fourth quarter worth about $25,000. Concord Wealth Partners acquired a new position in Autodesk in the first quarter valued at $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of Autodesk in the 1st quarter valued at $26,000. Finally, Olistico Wealth LLC acquired a new position in Autodesk during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Rosenblatt Securities raised their price objective on Autodesk from $290.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Berenberg Bank upped their price target on shares of Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a report on Friday, August 30th. Mizuho boosted their target price on shares of Autodesk from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Morgan Stanley increased their price target on shares of Autodesk from $305.00 to $320.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group raised Autodesk from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $292.17.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 1,100 shares of the business's stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the sale, the director now owns 32,116 shares of the company's stock, valued at approximately $7,264,960.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the company's stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares of the company's stock, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,275 shares of company stock valued at $14,220,661. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Performance

Shares of ADSK traded up $0.49 during trading hours on Thursday, reaching $259.47. 1,175,520 shares of the company's stock traded hands, compared to its average volume of 1,660,383. The firm has a market capitalization of $55.92 billion, a price-to-earnings ratio of 56.06, a P/E/G ratio of 3.18 and a beta of 1.48. The business's fifty day simple moving average is $247.78 and its two-hundred day simple moving average is $239.14. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. Analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

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.