Kentucky Retirement Systems Sells 94 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Kentucky Retirement Systems cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,711 shares of the software company’s stock after selling 94 shares during the period. Kentucky Retirement Systems’ holdings in Autodesk were worth $3,851,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Autodesk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock worth $6,025,331,000 after buying an additional 119,034 shares during the last quarter. Geode Capital Management LLC grew its holdings in Autodesk by 1.0% during 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 purchasing an additional 45,623 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Autodesk by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock valued at $902,597,000 after purchasing an additional 667,763 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Autodesk by 20.6% during the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock valued at $727,933,000 after purchasing an additional 420,838 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the business’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 in the company, valued at $802,671.87. The trade was a 44.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rebecca Pearce sold 486 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $300.00, for a total value of $145,800.00. Following the transaction, the executive vice president now owns 28,345 shares in the company, valued at approximately $8,503,500. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,995 shares of company stock worth $816,082. 0.15% of the stock is currently owned by company insiders.

Autodesk Trading Up 0.7%

Shares of NASDAQ:ADSK opened at $297.21 on Monday. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62. The business’s fifty day simple moving average is $286.32 and its 200-day simple moving average is $285.24. The company has a market capitalization of $63.60 billion, a PE ratio of 63.64, a P/E/G ratio of 2.86 and a beta of 1.45. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ADSK shares. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Macquarie reiterated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Bank of America upped their price target on shares of Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Citigroup upped their price target on shares of Autodesk from $374.00 to $376.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $340.00 target price on shares of Autodesk in a research note on Tuesday, May 20th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $337.45.

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.