IFM Investors Pty Ltd Raises Stake in Autodesk, Inc. $ADSK

IFM Investors Pty Ltd increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,975 shares of the software company’s stock after buying an additional 1,050 shares during the quarter. IFM Investors Pty Ltd’s holdings in Autodesk were worth $11,251,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp raised its position in Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Costello Asset Management INC purchased a new stake in Autodesk in the first quarter valued at $26,000. Close Asset Management Ltd purchased a new stake in Autodesk in the first quarter valued at $27,000. Cheviot Value Management LLC purchased a new stake in Autodesk in the first quarter valued at $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in Autodesk in the first quarter valued at $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 6,129 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the sale, the executive vice president owned 13,311 shares in the company, valued at $4,300,251.66. This represents a 31.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ayanna Howard sold 3,159 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the completion of the sale, the director owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,860 shares of company stock worth $14,045,061 in the last quarter. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

ADSK has been the topic of a number of research analyst reports. Bank of America lifted their target price on Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Mizuho lifted their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Macquarie lifted their target price on Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Berenberg Bank set a $370.00 target price on Autodesk in a research report on Monday, September 1st. Finally, Citigroup lifted their target price on Autodesk from $376.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.83.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $323.80 on Thursday. The stock’s 50-day moving average is $300.14 and its two-hundred day moving average is $286.15. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 1-year low of $232.67 and a 1-year high of $329.09. The company has a market cap of $68.97 billion, a price-to-earnings ratio of 67.04, a price-to-earnings-growth ratio of 2.88 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.