E Fund Management Hong Kong Co. Ltd. Grows Stock Holdings in Autodesk, Inc. $ADSK

E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 67.8% in the second quarter, HoldingsChannel.com reports. The fund owned 99 shares of the software company’s stock after buying an additional 40 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Autodesk were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beacon Financial Group grew its stake in Autodesk by 3.0% during the second quarter. Beacon Financial Group now owns 1,130 shares of the software company’s stock worth $350,000 after buying an additional 33 shares during the period. Freedom Investment Management Inc. grew 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 buying an additional 34 shares during the period. Financial Network Wealth Advisors LLC grew 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 buying an additional 37 shares during the period. Oregon Pacific Wealth Management LLC grew 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 buying an additional 38 shares during the period. Finally, GPS Wealth Strategies Group LLC grew 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 buying an additional 41 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ADSK shares. Macquarie upped their target price on shares of Autodesk from $360.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research note on Monday, September 1st. 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. Weiss Ratings restated a “hold (c+)” rating on shares of Autodesk in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research note 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $359.13.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction on Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $25,288,350.50. This 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 is available at the SEC website. Also, Director Ayanna Howard sold 917 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $325.00, for a total transaction of $298,025.00. Following the sale, the director directly owned 3,476 shares in the company, valued at $1,129,700. This trade represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 over the last three months. 0.15% of the stock is currently owned by company insiders.

Autodesk Trading Down 0.9%

ADSK opened at $311.41 on Thursday. The stock has a market capitalization of $66.33 billion, a PE ratio of 64.47, a P/E/G ratio of 2.78 and a beta of 1.49. The firm’s fifty day moving average price is $307.96 and its 200 day moving average price is $293.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Autodesk Company 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.