Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by 2Xideas AG

2Xideas AG grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 34.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,348 shares of the software company’s stock after buying an additional 18,452 shares during the quarter. Autodesk accounts for 2.9% of 2Xideas AG’s portfolio, making the stock its 5th largest position. 2Xideas AG’s holdings in Autodesk were worth $21,384,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Norges Bank acquired a new stake in shares of Autodesk during the fourth quarter valued at about $632,566,000. Franklin Resources Inc. increased its position in shares of Autodesk by 45.1% during the fourth quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company’s stock worth $621,535,000 after acquiring an additional 653,868 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Autodesk in the fourth quarter worth about $154,408,000. Finally, Raymond James Financial Inc. purchased a new position in Autodesk in the fourth quarter valued at about $116,828,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of several research analyst reports. Bank of America increased their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. DA Davidson increased their price objective 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. KeyCorp boosted their target price on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Finally, UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Trading Down 4.5 %

Shares of Autodesk stock opened at $245.51 on Friday. 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 company has a market capitalization of $52.29 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 2.94 and a beta of 1.51. The firm’s 50-day moving average price is $280.12 and its two-hundred day moving average price is $288.20.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on 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 acquisition, 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 currently owned by corporate insiders.

Autodesk Company 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.