Autodesk, Inc. (NASDAQ:ADSK) Position Trimmed by F M Investments LLC

F M Investments LLC cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,760 shares of the software company's stock after selling 24,540 shares during the quarter. Autodesk comprises approximately 0.7% of F M Investments LLC's portfolio, making the stock its 25th biggest holding. F M Investments LLC's holdings in Autodesk were worth $17,663,000 as of its most recent SEC filing.

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

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADSK. Scotiabank reduced their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Oppenheimer decreased their price target on shares of Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus dropped their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group increased their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $324.64.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Performance

ADSK stock traded up $3.35 during trading on Tuesday, reaching $264.06. 375,096 shares of the company's stock were exchanged, compared to its average volume of 1,689,529. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a market cap of $56.24 billion, a PE ratio of 52.39, a P/E/G ratio of 2.94 and a beta of 1.49. The company's fifty day moving average price is $271.43 and its 200-day moving average price is $287.30. 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 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.