Autodesk, Inc. $ADSK Shares Purchased by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 67.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99 shares of the software company’s stock after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Autodesk were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. US Bancorp DE raised its holdings in Autodesk by 3.1% in the 2nd quarter. US Bancorp DE now owns 50,623 shares of the software company’s stock valued at $15,671,000 after acquiring an additional 1,526 shares during the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new stake in Autodesk in the 2nd quarter valued at about $420,000. Maryland State Retirement & Pension System grew its stake in shares of Autodesk by 2.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 10,355 shares of the software company’s stock valued at $3,206,000 after buying an additional 283 shares during the period. Optas LLC grew its stake in shares of Autodesk by 4.0% in the 2nd quarter. Optas LLC now owns 1,760 shares of the software company’s stock valued at $545,000 after buying an additional 68 shares during the period. Finally, WESPAC Advisors LLC purchased a new stake in shares of Autodesk in the 2nd quarter valued at approximately $345,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ADSK. Weiss Ratings reissued a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday. Morgan Stanley increased their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research note on Sunday, August 31st. Berenberg Bank set a $370.00 target price on shares of Autodesk in a report on Monday, September 1st. Wall Street Zen lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Finally, Piper Sandler raised their price objective on shares of Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $359.13.

Insider Activity

In related news, EVP Rebecca Pearce sold 6,129 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the sale, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. This represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,386 shares of company stock worth $11,433,201 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Autodesk Trading Down 0.9%

Shares of Autodesk stock opened at $311.41 on Thursday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. 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 company has a market capitalization of $66.33 billion, a P/E ratio of 64.47, a PEG ratio of 2.78 and a beta of 1.49. The company’s fifty day moving average is $307.96 and its two-hundred day moving average is $293.70.

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.