Schroder Investment Management Group Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Schroder Investment Management Group cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,006 shares of the software company’s stock after selling 28,233 shares during the period. Schroder Investment Management Group owned about 0.24% of Autodesk worth $127,342,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WealthPlan Investment Management LLC boosted its position in Autodesk by 214.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 6,232 shares of the software company’s stock valued at $1,290,000 after buying an additional 4,247 shares during the period. Avantax Advisory Services Inc. grew its stake in Autodesk by 24.0% during the 3rd quarter. Avantax Advisory Services Inc. now owns 1,300 shares of the software company’s stock worth $269,000 after purchasing an additional 252 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Autodesk by 5.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,101 shares of the software company’s stock worth $20,091,000 after purchasing an additional 5,345 shares during the period. Charles Schwab Investment Management Inc. raised its position in Autodesk by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,680 shares of the software company’s stock valued at $238,708,000 after purchasing an additional 10,633 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Autodesk by 5.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,999 shares of the software company’s stock valued at $2,897,000 after buying an additional 743 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. The Goldman Sachs Group lifted their price target on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a report on Friday, March 1st. Stifel Nicolaus dropped their price objective on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. BMO Capital Markets boosted their target price on Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $269.05.

Get Our Latest Report on ADSK

Autodesk Stock Performance

Shares of Autodesk stock traded up $0.18 on Friday, reaching $216.05. 2,410,177 shares of the stock were exchanged, compared to its average volume of 1,623,846. The firm has a market capitalization of $46.55 billion, a PE ratio of 51.32, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The business has a fifty day moving average price of $221.58 and a two-hundred day moving average price of $236.90. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $256.66, for a total value of $141,163.00. Following the completion of the sale, the director now directly owns 33,216 shares of the company’s stock, valued at approximately $8,525,218.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, CFO Deborah Clifford sold 5,553 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the transaction, the chief financial officer now directly owns 32,259 shares in the company, valued at $8,387,662.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $256.66, for a total transaction of $141,163.00. Following the completion of the transaction, the director now directly owns 33,216 shares of the company’s stock, valued at $8,525,218.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,988 shares of company stock valued at $7,534,941. 0.14% of the stock is owned by corporate insiders.

About Autodesk

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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