Achmea Investment Management B.V. Has $49.60 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Achmea Investment Management B.V. lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,812 shares of the software company’s stock after selling 51,262 shares during the quarter. Autodesk makes up approximately 0.8% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 17th largest position. Achmea Investment Management B.V. owned approximately 0.08% of Autodesk worth $49,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ADSK. Mount Yale Investment Advisors LLC boosted its stake in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after buying an additional 35 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after buying an additional 35 shares during the period. Grove Bank & Trust raised its position in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC raised its position in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after purchasing an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $251.85 on Thursday. 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 stock has a market capitalization of $54.15 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The firm’s fifty day simple moving average is $290.46 and its two-hundred day simple moving average is $287.65. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Wall Street Analyst Weigh In

Several brokerages have commented on ADSK. Citigroup lowered their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Wells Fargo & Company boosted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Finally, DA Davidson upped their price target on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $338.43.

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.