Natixis Sells 17,421 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Natixis decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,873 shares of the software company's stock after selling 17,421 shares during the quarter. Natixis' holdings in Autodesk were worth $12,672,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADSK. UBS Group raised their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Citigroup cut their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Robert W. Baird cut their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus decreased their price target on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

Insiders Place Their Bets

In related news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $267.10 per share, with a total value 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 $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 directly owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Autodesk Stock Up 2.7 %

Shares of ADSK traded up $7.27 during mid-day trading on Thursday, hitting $271.71. 1,303,258 shares of the company's stock were exchanged, compared to its average volume of 1,643,805. 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, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a fifty day moving average of $265.57 and a two-hundred day moving average of $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.