Sei Investments Co. Lowers Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Sei Investments Co. lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 12.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,798 shares of the software company’s stock after selling 16,445 shares during the period. Sei Investments Co.’s holdings in Autodesk were worth $35,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Principal Financial Group Inc. increased its holdings in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after acquiring an additional 245,816 shares in the last quarter. King Luther Capital Management Corp purchased a new stake in Autodesk during the 3rd quarter valued at about $204,000. Daiwa Securities Group Inc. increased its stake in Autodesk by 15.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 72,541 shares of the software company’s stock valued at $19,984,000 after purchasing an additional 9,697 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Autodesk by 5.0% in the third quarter. Fisher Asset Management LLC now owns 515,731 shares of the software company’s stock worth $142,074,000 after buying an additional 24,445 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Autodesk by 3.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 13,802 shares of the software company’s stock worth $3,802,000 after buying an additional 404 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of a number of recent analyst reports. KeyCorp boosted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. DA Davidson increased their price objective on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Macquarie reissued an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Finally, HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Stock Performance

Shares of ADSK opened at $269.19 on Tuesday. The business has a 50-day simple moving average of $285.68 and a two-hundred day simple moving average of $288.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 2.94 and a beta of 1.51.

Insider Buying and Selling

In other news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction 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 trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

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.