Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,115 shares of the software company's stock after buying an additional 2,125 shares during the quarter. Cerity Partners LLC owned approximately 0.05% of Autodesk worth $32,601,000 as of its most recent SEC filing.

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

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ADSK shares. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. 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. Oppenheimer decreased their target price on Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Scotiabank reduced their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $327.82.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were 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 of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

Autodesk Trading Up 1.9 %

ADSK traded up $4.81 during midday trading on Monday, hitting $263.26. The company's stock had a trading volume of 165,071 shares, compared to its average volume of 1,690,450. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $272.44 and a two-hundred day moving average price of $287.38. The firm has a market cap of $56.07 billion, a P/E ratio of 52.23, a PEG ratio of 2.94 and a beta of 1.49.

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.