Sei Investments Co. cut its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,798 shares of the software company's stock after selling 16,445 shares during the period. Sei Investments Co. owned 0.06% of Autodesk worth $35,706,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of ADSK. Principal Financial Group Inc. grew its holdings in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after acquiring an additional 245,816 shares during the period. King Luther Capital Management Corp acquired a new position in Autodesk during the third quarter valued at approximately $204,000. Daiwa Securities Group Inc. grew its holdings in Autodesk by 15.4% during the third quarter. Daiwa Securities Group Inc. now owns 72,541 shares of the software company's stock valued at $19,984,000 after purchasing an additional 9,697 shares during the period. Fisher Asset Management LLC increased its stake in Autodesk by 5.0% in the third quarter. Fisher Asset Management LLC now owns 515,731 shares of the software company's stock valued at $142,074,000 after purchasing an additional 24,445 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Autodesk by 3.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 13,802 shares of the software company's stock worth $3,802,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.
Analyst Upgrades and Downgrades
ADSK has been the subject of a number of research analyst reports. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Macquarie restated an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. DA Davidson upped their price target on shares of Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. KeyCorp raised their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Barclays lifted their price target on Autodesk from $355.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $336.29.
View Our Latest Report on ADSK
Insider Buying and Selling
In related news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.
Autodesk Stock Performance
Shares of Autodesk stock traded down $4.26 on Friday, reaching $265.56. 199,997 shares of the stock were exchanged, compared to its average volume of 1,588,689. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The business has a 50 day moving average price of $284.61 and a two-hundred day moving average price of $288.08. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $56.56 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 2.94 and a beta of 1.51.
About Autodesk
(
Free Report)
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.
See Also
Before you consider Autodesk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Autodesk wasn't on the list.
While Autodesk currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
