Autodesk, Inc. (NASDAQ:ADSK) is 2Xideas AG’s 5th Largest Position

2Xideas AG grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 34.2% during the 4th quarter, HoldingsChannel reports. The fund owned 72,348 shares of the software company’s stock after buying an additional 18,452 shares during the period. Autodesk comprises 2.9% of 2Xideas AG’s portfolio, making the stock its 5th biggest holding. 2Xideas AG’s holdings in Autodesk were worth $21,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after buying an additional 119,034 shares during the period. Geode Capital Management LLC boosted its position in shares of Autodesk by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock valued at $1,391,145,000 after acquiring an additional 45,623 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock worth $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the last quarter. Finally, Norges Bank purchased a new stake in Autodesk in the fourth quarter valued at approximately $632,566,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Down 4.5 %

NASDAQ:ADSK opened at $245.51 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $52.29 billion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a 50-day moving average of $280.12 and a 200 day moving average of $288.20. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Analysts Set New Price Targets

ADSK has been the subject of a number of research reports. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Stifel Nicolaus reduced their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Robert W. Baird lowered their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, UBS Group raised their price objective 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. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $336.29.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

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.