Rathbones Group PLC Has $28.56 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Rathbones Group PLC cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,640 shares of the software company's stock after selling 11,820 shares during the period. Rathbones Group PLC's holdings in Autodesk were worth $28,564,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADSK. Massachusetts Financial Services Co. MA grew its holdings in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after acquiring an additional 2,307,960 shares during the period. Norges Bank bought a new stake in shares of Autodesk in the 4th quarter worth approximately $632,566,000. Franklin Resources Inc. lifted its stake in Autodesk by 45.1% during the fourth quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company's stock valued at $621,535,000 after purchasing an additional 653,868 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Autodesk during the fourth quarter worth approximately $154,408,000. Finally, Raymond James Financial Inc. acquired a new position in Autodesk in the fourth quarter worth approximately $116,828,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on ADSK shares. UBS Group raised their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Barclays cut their target price on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday. Rosenblatt Securities reiterated a "buy" rating and set a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Mizuho raised Autodesk from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Oppenheimer lowered their target price on Autodesk from $350.00 to $300.00 and set an "outperform" rating on the stock in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $327.82.

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Autodesk Trading Up 0.6 %

Shares of NASDAQ ADSK traded up $1.53 during midday trading on Friday, reaching $258.45. 1,274,634 shares of the stock were exchanged, compared to its average volume of 1,696,124. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market capitalization of $55.05 billion, a price-to-earnings ratio of 51.28, a P/E/G ratio of 2.94 and a beta of 1.49. 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 business has a 50-day simple moving average of $272.44 and a two-hundred day simple moving average of $287.28.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $534,200. This 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.

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.