Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,687 shares of the software company’s stock after selling 7,006 shares during the period. State of Tennessee Department of Treasury’s holdings in Autodesk were worth $28,578,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of Autodesk by 12.6% in 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 buying an additional 245,816 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Autodesk by 164.0% during the third quarter. SOA Wealth Advisors LLC. now owns 227 shares of the software company’s stock valued at $63,000 after purchasing an additional 141 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in shares of Autodesk by 11.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 1,882 shares of the software company’s stock worth $518,000 after purchasing an additional 188 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Autodesk in the third quarter valued at $3,923,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Autodesk during the 3rd quarter valued at $4,751,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays decreased their price objective on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. KeyCorp reduced their price target on Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, DA Davidson reduced their price objective on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Eight 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, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.59.

Autodesk Trading Down 2.0 %

Autodesk stock opened at $254.27 on Tuesday. The firm has a 50-day moving average price of $267.18 and a two-hundred day moving average price of $286.92. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a market capitalization of $54.16 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 2.94 and a beta of 1.49. 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 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.