Russell Investments Group Ltd. Purchases 77,363 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Russell Investments Group Ltd. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 33.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,381 shares of the software company's stock after buying an additional 77,363 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of Autodesk worth $91,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC increased its position in Autodesk by 100.0% in 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. bought a new stake in Autodesk during the 4th quarter worth about $30,000. Addison Advisors LLC lifted its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Scotiabank reduced their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Barclays lifted their price objective on Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Macquarie restated an "outperform" rating and set a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $329.64.

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Insider Activity at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Autodesk Stock Up 0.4 %

Shares of ADSK traded up $0.93 during mid-day trading on Friday, hitting $257.85. 362,974 shares of the company's stock were exchanged, compared to its average volume of 1,690,537. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a market cap of $54.92 billion, a PE ratio of 51.10, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a 50-day simple moving average of $273.41 and a 200 day simple moving average of $287.35.

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.