Wellington Management Group LLP Has $88.06 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Wellington Management Group LLP grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,917 shares of the software company's stock after purchasing an additional 35,194 shares during the quarter. Wellington Management Group LLP owned approximately 0.14% of Autodesk worth $88,055,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its position in shares of Autodesk by 17.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,691 shares of the software company's stock valued at $6,411,000 after purchasing an additional 3,217 shares during the period. RWA Wealth Partners LLC acquired a new position in shares of Autodesk in the fourth quarter valued at about $211,000. Schroder Investment Management Group grew its stake in shares of Autodesk by 20.7% in the fourth quarter. Schroder Investment Management Group now owns 116,046 shares of the software company's stock valued at $34,300,000 after acquiring an additional 19,892 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Autodesk by 25.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,508,746 shares of the software company's stock valued at $445,940,000 after acquiring an additional 304,287 shares in the last quarter. Finally, Allstate Corp acquired a new position in shares of Autodesk in the fourth quarter valued at about $1,875,000. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of several research reports. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Stifel Nicolaus decreased their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday. DA Davidson upped their price target on shares of Autodesk from $275.00 to $285.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Morgan Stanley upped their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $329.64.

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Insiders Place Their Bets

In related news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated 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 transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was 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 trade represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Autodesk Trading Down 3.2 %

Autodesk stock traded down $8.46 during mid-day trading on Thursday, hitting $255.07. 244,158 shares of the stock were exchanged, compared to its average volume of 1,686,400. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm's fifty day simple moving average is $274.39 and its two-hundred day simple moving average is $287.44. The stock has a market capitalization of $54.33 billion, a price-to-earnings ratio of 50.93, a PEG 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.