State of Tennessee Department of Treasury Decreases Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

State of Tennessee Department of Treasury lessened its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 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 quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after purchasing an additional 119,034 shares during the period. Geode Capital Management LLC grew its position in shares of Autodesk by 1.0% in 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 buying an additional 45,623 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after buying an additional 2,307,960 shares during the period. Invesco Ltd. raised its position in shares of Autodesk by 8.7% during the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock worth $704,419,000 after acquiring an additional 191,666 shares during the last quarter. Finally, Principal Financial Group Inc. lifted 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 worth $603,947,000 after acquiring an additional 245,816 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 sale, the chief accounting officer now directly owns 3,003 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent analyst reports. KeyCorp dropped their price target on shares of Autodesk from $335.00 to $323.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and upped their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Barclays cut their target price on Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Robert W. Baird lowered their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $321.36.

Autodesk Stock Down 0.7 %

ADSK traded down $1.78 during mid-day trading on Friday, reaching $269.93. 1,308,090 shares of the stock were exchanged, compared to its average volume of 1,638,547. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The stock has a market capitalization of $57.50 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The company has a 50 day moving average price of $264.95 and a two-hundred day moving average price of $286.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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.