Asahi Life Asset Management CO. LTD. Takes $534,000 Position in Autodesk, Inc. (ADSK)

Asahi Life Asset Management CO. LTD. purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 3,430 shares of the software company’s stock, valued at approximately $534,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Autodesk during the 4th quarter worth approximately $302,827,000. Frontier Capital Management Co. LLC purchased a new position in Autodesk during the 1st quarter worth approximately $93,517,000. SRS Investment Management LLC grew its position in Autodesk by 36.6% during the 4th quarter. SRS Investment Management LLC now owns 1,424,578 shares of the software company’s stock worth $183,215,000 after purchasing an additional 381,878 shares in the last quarter. HMI Capital LLC grew its position in Autodesk by 53.2% during the 4th quarter. HMI Capital LLC now owns 849,220 shares of the software company’s stock worth $109,218,000 after purchasing an additional 295,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Autodesk by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock worth $368,471,000 after purchasing an additional 214,397 shares in the last quarter. 95.60% of the stock is currently owned by institutional investors.

Several research firms have weighed in on ADSK. Wedbush reiterated a “neutral” rating and set a $166.00 price objective (up from $163.00) on shares of Autodesk in a research report on Tuesday. Zacks Investment Research upgraded shares of Autodesk from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research report on Monday, May 6th. BidaskClub cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. KeyCorp started coverage on shares of Autodesk in a research report on Wednesday, April 10th. They set an “overweight” rating and a $196.00 price objective on the stock. Finally, Evercore ISI restated a “buy” rating on shares of Autodesk in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Autodesk has an average rating of “Buy” and an average target price of $173.49.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $152.90, for a total value of $152,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Steven M. Blum sold 16,838 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total transaction of $2,840,233.84. The disclosure for this sale can be found here. Insiders sold 58,577 shares of company stock valued at $9,509,716 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Autodesk stock opened at $173.32 on Thursday. Autodesk, Inc. has a 12 month low of $117.72 and a 12 month high of $178.95. The firm has a market cap of $36.31 billion, a PE ratio of 1,575.64, a P/E/G ratio of 2.46 and a beta of 1.95.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $707.09 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. As a group, sell-side analysts predict that Autodesk, Inc. will post 1.76 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Asahi Life Asset Management CO. LTD. Takes $534,000 Position in Autodesk, Inc. (ADSK)” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.chaffeybreeze.com/2019/05/16/asahi-life-asset-management-co-ltd-takes-534000-position-in-autodesk-inc-adsk.html.

About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

Read More: How is an ETF different from a mutual fund?

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.