Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,715 shares of the software company's stock after selling 1,186 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Autodesk were worth $13,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk during the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC boosted its position in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after acquiring an additional 50 shares during the period. Addison Advisors LLC boosted its position in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares during the period. Central Pacific Bank Trust Division purchased a new position in Autodesk during the fourth quarter valued at approximately $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk during the 4th quarter worth approximately $39,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

NASDAQ ADSK traded up $3.89 during trading hours on Tuesday, hitting $273.08. The company's stock had a trading volume of 1,068,308 shares, compared to its average volume of 1,592,683. The company's 50 day simple moving average is $285.68 and its two-hundred day simple moving average is $288.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $58.17 billion, a P/E ratio of 54.18, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

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Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup cut their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. HSBC downgraded shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Barclays boosted their price target on shares of Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. DA Davidson raised their price objective on shares of Autodesk from $275.00 to $285.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Finally, Macquarie reaffirmed an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $336.29.

Insider Activity

In other news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

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.