Ilmarinen Mutual Pension Insurance Co Has $10.79 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

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

A number of other institutional investors and hedge funds have also modified their holdings of ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk in the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its holdings in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after acquiring an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk in the fourth quarter worth $30,000. Addison Advisors LLC raised its holdings in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Autodesk during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. DA Davidson raised their price target on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Stifel Nicolaus reduced their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Robert W. Baird dropped their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. KeyCorp lifted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, UBS Group upped their price objective on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Insider Transactions at Autodesk

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

Autodesk Trading Down 4.5 %

Shares of ADSK stock opened at $245.51 on Friday. 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 1 year low of $195.32 and a 1 year high of $326.62. The firm’s fifty day simple moving average is $280.12 and its 200 day simple moving average is $288.20. The firm has a market capitalization of $52.29 billion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

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.