Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Meritage Group LP

Meritage Group LP decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,138,082 shares of the software company's stock after selling 169,715 shares during the quarter. Autodesk accounts for about 8.0% of Meritage Group LP's portfolio, making the stock its 3rd largest holding. Meritage Group LP owned approximately 0.53% of Autodesk worth $336,383,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADSK. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. UBS Group raised their target price on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Morgan Stanley decreased their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction 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 owns 3,003 shares in the company, valued at $802,671.87. The trade was 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 Trading Up 2.7 %

Shares of NASDAQ:ADSK traded up $7.27 during trading on Thursday, reaching $271.71. The stock had a trading volume of 1,303,258 shares, compared to its average volume of 1,643,805. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm's fifty day moving average is $265.57 and its 200 day moving average is $286.59. The stock has a market cap of $57.87 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 2.94 and a beta of 1.49.

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.