Bigelow Investment Advisors LLC Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Bigelow Investment Advisors LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 7.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,542 shares of the software company’s stock after purchasing an additional 107 shares during the period. Bigelow Investment Advisors LLC’s holdings in Autodesk were worth $404,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position 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 acquiring an additional 2,307,960 shares during the period. Norges Bank acquired a new position in Autodesk during the 4th quarter worth $632,566,000. Farallon Capital Management LLC purchased a new stake in Autodesk during the 4th quarter worth about $544,381,000. GAMMA Investing LLC increased its holdings in Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company’s stock worth $384,985,000 after purchasing an additional 1,465,204 shares during the period. Finally, Janus Henderson Group PLC raised its position in Autodesk by 43.7% in the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock valued at $652,127,000 after purchasing an additional 670,699 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $295.19 on Thursday. The stock has a market cap of $63.17 billion, a P/E ratio of 63.21, a P/E/G ratio of 2.86 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The stock has a 50 day moving average of $284.78 and a two-hundred day moving average of $285.53. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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 report on Friday, May 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $345.00 price target (up previously from $313.03) on shares of Autodesk in a report on Friday, May 23rd. DA Davidson set a $305.00 price objective on shares of Autodesk and gave the company a “neutral” rating in a report on Friday, May 23rd. Macquarie reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Finally, UBS Group increased their target price on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $337.45.

Insider Activity

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rebecca Pearce sold 486 shares of Autodesk stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the transaction, the executive vice president now owns 28,345 shares in the company, valued at approximately $8,503,500. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,995 shares of company stock valued at $816,082 in the last ninety days. 0.15% of the stock is currently owned by company 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.