Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by ING Groep NV

ING Groep NV increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 41.5% during the first quarter, HoldingsChannel.com reports. The fund owned 170,646 shares of the software company’s stock after acquiring an additional 50,033 shares during the quarter. ING Groep NV’s holdings in Autodesk were worth $44,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management increased its stake in shares of Autodesk by 2.5% during the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after purchasing an additional 50 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Autodesk in the 1st quarter worth approximately $324,000. Cambridge Investment Research Advisors Inc. grew its stake in Autodesk by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company’s stock worth $3,565,000 after acquiring an additional 229 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Autodesk by 27.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company’s stock worth $11,212,000 after acquiring an additional 9,222 shares during the period. Finally, GAMMA Investing LLC grew its stake in Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company’s stock worth $1,471,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the transaction, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. The trade was a 14.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 9,391 shares of company stock valued at $2,909,885. Insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $297.02 on Monday. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $63.56 billion, a price-to-earnings ratio of 63.60, a PEG ratio of 2.86 and a beta of 1.46. The firm’s fifty day simple moving average is $300.18 and its 200 day simple moving average is $286.26.

Analysts Set New Price Targets

Several analysts have commented on the stock. Loop Capital assumed coverage on shares of Autodesk in a research note on Monday, July 21st. They issued a “hold” rating and a $320.00 target price for the company. Macquarie reaffirmed an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, July 11th. BMO Capital Markets lifted their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research note on Friday, May 23rd. Bank of America boosted their price objective on shares of Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $360.00 price objective (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $342.61.

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.