Mirae Asset Global Investments Co. Ltd. Sells 50,572 Shares of Autodesk, Inc. $ADSK

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 27.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,822 shares of the software company’s stock after selling 50,572 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Autodesk were worth $42,046,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. OMNI 360 Wealth Inc. bought a new position in shares of Autodesk in the 2nd quarter valued at about $359,000. E. Ohman J or Asset Management AB lifted its holdings in shares of Autodesk by 1.8% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock valued at $39,354,000 after acquiring an additional 2,276 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock valued at $543,000 after acquiring an additional 50 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Autodesk in the 1st quarter valued at about $324,000. Finally, GK Wealth Management LLC bought a new position in shares of Autodesk in the 2nd quarter valued at about $348,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of several recent analyst reports. Bank of America boosted their target price on Autodesk from $330.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Barclays boosted their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Wells Fargo & Company boosted their target price on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Rosenblatt Securities boosted their target price on Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Oppenheimer boosted their target price on Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $359.13.

Insider Activity at Autodesk

In other news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the sale, the executive vice president directly owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,386 shares of company stock worth $11,433,201. Insiders own 0.15% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $318.90 on Friday. The company has a 50 day moving average price of $307.37 and a 200-day moving average price of $292.69. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The company has a market capitalization of $67.93 billion, a PE ratio of 66.02, a P/E/G ratio of 2.84 and a beta of 1.49.

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.