Louisiana State Employees Retirement System boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,600 shares of the software company’s stock after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Autodesk were worth $1,808,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc lifted its position in Autodesk by 0.6% during the third quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock valued at $3,565,439,000 after purchasing an additional 128,028 shares in the last quarter. BlackRock Inc. lifted its position in Autodesk by 0.8% during the fourth quarter. BlackRock Inc. now owns 17,305,793 shares of the software company’s stock valued at $2,225,700,000 after purchasing an additional 132,973 shares in the last quarter. Geode Capital Management LLC lifted its position in Autodesk by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock valued at $368,471,000 after purchasing an additional 214,397 shares in the last quarter. Brown Advisory Inc. lifted its position in Autodesk by 7.0% during the fourth quarter. Brown Advisory Inc. now owns 2,773,645 shares of the software company’s stock valued at $356,718,000 after purchasing an additional 182,278 shares in the last quarter. Finally, Sustainable Growth Advisers LP lifted its position in Autodesk by 2.2% during the fourth quarter. Sustainable Growth Advisers LP now owns 2,713,336 shares of the software company’s stock valued at $348,962,000 after purchasing an additional 59,175 shares in the last quarter. Institutional investors own 95.38% of the company’s stock.
Shares of Autodesk stock opened at $172.67 on Wednesday. Autodesk, Inc. has a 52 week low of $117.72 and a 52 week high of $173.44. The stock has a market capitalization of $37.93 billion, a PE ratio of 1,569.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.92.
ADSK has been the topic of several analyst reports. Wedbush lowered their target price on Autodesk from $146.00 to $131.00 and set a “positive” rating on the stock in a research report on Thursday, December 27th. Evercore ISI reiterated a “buy” rating and set a $190.00 target price on shares of Autodesk in a research report on Thursday, March 21st. Argus lifted their target price on Autodesk to $184.00 and gave the company an “average” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Finally, BidaskClub downgraded Autodesk from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $172.51.
In related news, SVP Steven M. Blum sold 16,838 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total value of $2,840,233.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Fronzo Pascal W. Di sold 11,437 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $166.86, for a total value of $1,908,377.82. The disclosure for this sale can be found here. Insiders sold 65,227 shares of company stock worth $10,573,716 over the last quarter. 0.14% of the stock is owned by company insiders.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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