Aviva PLC Sells 70,666 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Aviva PLC lowered its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,605 shares of the software company's stock after selling 70,666 shares during the quarter. Aviva PLC owned 0.21% of Autodesk worth $136,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its holdings in shares of Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after purchasing an additional 5,365 shares during the period. Brookstone Capital Management boosted its stake in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after buying an additional 26,768 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Autodesk in the 4th quarter worth approximately $13,906,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Autodesk by 25.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock valued at $88,711,000 after buying an additional 60,963 shares in the last quarter. Finally, GAM Holding AG purchased a new stake in shares of Autodesk during the fourth quarter valued at $3,453,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays raised their target price on Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Rosenblatt Securities restated a "buy" rating and set a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Citigroup cut their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Macquarie reaffirmed an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $329.64.

Autodesk Stock Performance

Shares of ADSK stock traded down $9.21 during trading hours on Thursday, reaching $254.33. 794,659 shares of the company's stock were exchanged, compared to its average volume of 1,688,624. The business has a fifty day moving average price of $274.39 and a 200-day moving average price of $287.44. The stock has a market capitalization of $54.17 billion, a P/E ratio of 50.39, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Insider Buying and Selling 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 sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 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.