Epoch Investment Partners Inc. Sells 8,120 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Epoch Investment Partners Inc. decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,828 shares of the software company's stock after selling 8,120 shares during the period. Epoch Investment Partners Inc.'s holdings in Autodesk were worth $22,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Golden State Wealth Management LLC bought a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC grew its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk during the fourth quarter worth $30,000. Addison Advisors LLC grew its stake in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Autodesk in the fourth quarter valued at $37,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADSK shares. Barclays reduced their price target on Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Citigroup dropped their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley decreased their price objective on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer reissued an "outperform" rating on shares of Autodesk in a research note on Thursday. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $321.36.

Insider Transactions at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the 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 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Autodesk Price Performance

NASDAQ:ADSK traded down $0.31 during mid-day trading on Friday, hitting $271.40. 357,556 shares of the stock traded hands, compared to its average volume of 1,634,868. The business's 50-day moving average price is $264.95 and its 200 day moving average price is $286.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $57.81 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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.