NFJ Investment Group LLC Sells 1,941 Shares of Autodesk, Inc. (NASDAQ:ADSK)

NFJ Investment Group LLC lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,716 shares of the software company’s stock after selling 1,941 shares during the quarter. NFJ Investment Group LLC’s holdings in Autodesk were worth $2,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after buying an additional 119,034 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock valued at $1,391,145,000 after acquiring an additional 45,623 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock worth $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Invesco Ltd. boosted its position in Autodesk by 8.7% during the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company’s stock worth $704,419,000 after purchasing an additional 191,666 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in 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 purchasing an additional 245,816 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now 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. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADSK. KeyCorp decreased their price objective on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays lowered their price target on Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Citigroup decreased their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Oppenheimer dropped their price target on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Stifel Nicolaus reduced their price objective on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.59.

Autodesk Stock Down 2.0 %

Shares of NASDAQ:ADSK opened at $260.16 on Thursday. The company’s fifty day moving average is $269.76 and its 200-day moving average is $286.96. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a market capitalization of $55.41 billion, a PE ratio of 51.62, a P/E/G ratio of 2.94 and a beta of 1.49.

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.