Dimensional Fund Advisors LP Has $296.57 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Dimensional Fund Advisors LP lessened its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,315 shares of the software company's stock after selling 47,304 shares during the period. Dimensional Fund Advisors LP owned 0.47% of Autodesk worth $296,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its stake in 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 valued at $2,394,000 after buying an additional 5,365 shares during the period. Brookstone Capital Management raised its holdings in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after purchasing an additional 26,768 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $13,906,000. Robeco Institutional Asset Management B.V. grew 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 purchasing an additional 60,963 shares during the period. Finally, GAM Holding AG acquired a new position in Autodesk during the fourth quarter worth about $3,453,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. DA Davidson dropped their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Bank of America increased their price target on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Rosenblatt Securities restated a "buy" rating and issued a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Finally, Wells Fargo & Company reduced their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $321.36.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction on 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 in the company, valued at $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

NASDAQ:ADSK traded down $1.78 during midday trading on Friday, reaching $269.93. 1,307,899 shares of the company traded hands, compared to its average volume of 1,638,547. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a market capitalization of $57.50 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth 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 company has a fifty day moving average price of $264.95 and a 200 day moving average price of $286.62.

About Autodesk

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.