Lbp Am Sa Has $19.13 Million Position in Autodesk, Inc. $ADSK

Lbp Am Sa increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 15.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 61,797 shares of the software company’s stock after acquiring an additional 8,237 shares during the period. Lbp Am Sa’s holdings in Autodesk were worth $19,130,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Beacon Financial Group lifted its position in Autodesk by 3.0% in the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after purchasing an additional 33 shares during the period. Freedom Investment Management Inc. raised its stake in Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after acquiring an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC raised its stake in Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after acquiring an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC raised its stake in Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock worth $262,000 after acquiring an additional 38 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock worth $46,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $317.67 on Wednesday. The business has a fifty day moving average of $306.36 and a 200-day moving average of $291.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $67.66 billion, a PE ratio of 65.77, a price-to-earnings-growth ratio of 2.85 and a beta of 1.49. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho increased their price objective on Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Piper Sandler increased their price objective on Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Royal Bank Of Canada increased their price objective on Autodesk from $345.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. Finally, Robert W. Baird raised their target price on Autodesk from $345.00 to $363.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $356.83.

Insider Transactions at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the sale, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,720 shares of company stock valued at $12,159,241 in the last three months. Company insiders own 0.15% of the company’s stock.

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.