Icon Advisers Inc. Co. Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Icon Advisers Inc. Co. lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,500 shares of the software company's stock after selling 1,000 shares during the quarter. Icon Advisers Inc. Co.'s holdings in Autodesk were worth $3,990,000 at the end of the most recent quarter.

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

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm's 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 transaction, the chief accounting officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on ADSK shares. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Citigroup dropped their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Stifel Nicolaus cut their target price on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley dropped their target price on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Macquarie reaffirmed an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $321.59.

Autodesk Price Performance

ADSK traded down $0.69 on Friday, reaching $259.47. 1,053,424 shares of the company's stock were exchanged, compared to its average volume of 1,669,193. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market cap of $55.27 billion, a PE ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49. The stock's fifty day moving average price is $268.85 and its 200-day moving average price is $286.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

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.