Ossiam Raises Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Ossiam boosted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1,602.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,029 shares of the software company's stock after purchasing an additional 144,983 shares during the quarter. Autodesk comprises approximately 1.5% of Ossiam's portfolio, making the stock its 29th biggest holding. Ossiam owned approximately 0.07% of Autodesk worth $45,526,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its position 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 acquiring an additional 5,365 shares during the last quarter. Brookstone Capital Management boosted its stake 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 valued at $8,659,000 after purchasing an additional 26,768 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Autodesk during the 4th quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. raised its position in Autodesk by 25.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock worth $88,711,000 after purchasing an additional 60,963 shares during the period. Finally, GAM Holding AG bought a new stake in Autodesk in the fourth quarter worth $3,453,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the 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 of the company's stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The stock was purchased 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 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. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

ADSK has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. UBS Group raised 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. Wells Fargo & Company lowered their price objective on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday. Oppenheimer cut their target price on shares of Autodesk from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America upped their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $321.36.

Autodesk Stock Up 2.9 %

Shares of NASDAQ ADSK traded up $7.57 on Thursday, reaching $272.01. 645,472 shares of the company's stock traded hands, compared to its average volume of 1,641,343. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business's 50 day simple moving average is $265.57 and its two-hundred day simple moving average is $286.59. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market cap of $57.94 billion, a price-to-earnings ratio of 54.07, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49.

About Autodesk

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.