APG Asset Management N.V. Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

APG Asset Management N.V. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 535.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,437 shares of the software company’s stock after acquiring an additional 114,130 shares during the quarter. APG Asset Management N.V. owned 0.06% of Autodesk worth $38,659,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its holdings 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 acquiring an additional 35 shares during the period. Y.D. More Investments Ltd boosted its stake in Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after purchasing an additional 35 shares during the period. Grove Bank & Trust boosted its stake in Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares during the period. Journey Strategic Wealth LLC increased its stake in Autodesk by 4.6% in 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Autodesk by 11.9% in 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 during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. Oppenheimer dropped their price target on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday. Morgan Stanley upped their price target on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. DA Davidson upped their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Finally, KeyCorp lifted their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $333.90.

Autodesk Stock Performance

NASDAQ:ADSK opened at $238.84 on Wednesday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a market capitalization of $50.87 billion, a P/E ratio of 47.39, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. 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 firm has a 50-day moving average price of $276.28 and a two-hundred day moving average price of $287.64.

Autodesk Profile

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.