Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Boosted by Wahed Invest LLC

Wahed Invest LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,482 shares of the software company’s stock after purchasing an additional 251 shares during the quarter. Wahed Invest LLC’s holdings in Autodesk were worth $1,620,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock worth $6,025,331,000 after acquiring an additional 119,034 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after purchasing an additional 45,623 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Autodesk by 406.8% in the 4th 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. Northern Trust Corp lifted its stake in Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock valued at $727,933,000 after purchasing an additional 420,838 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Autodesk by 8.7% during the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company’s stock worth $704,419,000 after buying an additional 191,666 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $273.49 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $58.25 billion, a PE ratio of 54.26, a PEG ratio of 2.94 and a beta of 1.49. The firm’s 50 day moving average price is $263.07 and its 200 day moving average price is $286.38. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ADSK shares. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Wells Fargo & Company cut their target price on Autodesk from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Rosenblatt Securities restated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Finally, Citigroup decreased their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.36.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill purchased 2,000 shares of Autodesk 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 transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

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.