Assenagon Asset Management S.A. Lowers Holdings in Autodesk, Inc. $ADSK

Assenagon Asset Management S.A. decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,901 shares of the software company’s stock after selling 41 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Autodesk were worth $5,542,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Beacon Financial Group raised 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 valued at $350,000 after buying an additional 33 shares during the last quarter. Freedom Investment Management Inc. increased its holdings in shares of Autodesk by 2.4% in the 1st quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock worth $386,000 after purchasing an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC increased its holdings in shares of Autodesk by 34.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC increased its holdings in shares of Autodesk by 4.0% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock worth $262,000 after purchasing an additional 38 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock worth $46,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ADSK. Barclays lifted their target price on Autodesk from $355.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Citigroup lifted their target price on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Loop Capital began coverage on Autodesk in a report on Monday, July 21st. They issued a “hold” rating and a $320.00 target price for the company. Rosenblatt Securities lifted their target price on Autodesk from $345.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Macquarie lifted their target price on Autodesk from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $356.83.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president owned 80,255 shares in the company, valued at $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,830 shares of company stock valued at $13,123,341 over the last three months. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Performance

Shares of ADSK opened at $323.52 on Thursday. 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 one year low of $232.67 and a one year high of $329.09. The firm has a market capitalization of $68.91 billion, a P/E ratio of 66.98, a PEG ratio of 2.88 and a beta of 1.49. The business has a fifty day moving average of $304.39 and a 200 day moving average of $289.48.

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.