Ilmarinen Mutual Pension Insurance Co Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,500 shares of the software company’s stock after buying an additional 11,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Autodesk were worth $10,788,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Autodesk during the third quarter worth $814,000. HighTower Advisors LLC boosted its holdings in Autodesk by 1.7% in the third quarter. HighTower Advisors LLC now owns 63,148 shares of the software company’s stock worth $17,424,000 after purchasing an additional 1,050 shares during the period. IHT Wealth Management LLC increased its stake in Autodesk by 7.9% during the third quarter. IHT Wealth Management LLC now owns 2,302 shares of the software company’s stock valued at $633,000 after purchasing an additional 168 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Autodesk by 17.1% during the third quarter. Wellington Management Group LLP now owns 262,723 shares of the software company’s stock worth $72,375,000 after purchasing an additional 38,391 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price 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 approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of several analyst reports. Morgan Stanley increased their target price on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. UBS Group upped their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Finally, Citigroup decreased their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Stock Performance

NASDAQ:ADSK opened at $245.51 on Friday. The company has a 50-day moving average of $280.12 and a 200-day moving average of $288.20. The firm has a market cap of $52.29 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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.