Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 675,889 shares of the software company's stock after acquiring an additional 42,384 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Autodesk worth $199,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Mount Yale Investment Advisors LLC grew its stake in shares of Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after acquiring an additional 35 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock valued at $1,000,000 after purchasing an additional 35 shares during the last quarter. Grove Bank & Trust grew its stake in Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company's stock valued at $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC increased its holdings in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after purchasing an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on ADSK shares. Citigroup decreased their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Barclays decreased their price objective on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Friday. KeyCorp upped their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Scotiabank decreased 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, Oppenheimer lowered their price objective on Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $327.82.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $1.53 during trading hours on Friday, hitting $258.45. The stock had a trading volume of 1,274,634 shares, compared to its average volume of 1,696,124. The stock's fifty day simple moving average is $272.44 and its 200 day simple moving average is $287.28. The firm has a market capitalization of $55.05 billion, a price-to-earnings ratio of 51.28, a PEG ratio of 2.94 and a beta of 1.49. 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, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Insider Buying and Selling

In related news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

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.