Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 453,942 shares of the software company's stock after selling 49,393 shares during the quarter. Wells Fargo & Company MN owned approximately 0.21% of Autodesk worth $134,172,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Autodesk by 12.6% during the third 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 last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Autodesk in the third quarter valued at approximately $814,000. IHT Wealth Management LLC lifted its position in Autodesk by 7.9% during the third quarter. IHT Wealth Management LLC now owns 2,302 shares of the software company's stock worth $633,000 after buying an additional 168 shares in the last quarter. Wellington Management Group LLP boosted its stake in Autodesk by 17.1% during the third quarter. Wellington Management Group LLP now owns 262,723 shares of the software company's stock worth $72,375,000 after buying an additional 38,391 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in Autodesk by 9.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 27,591 shares of the software company's stock valued at $7,601,000 after buying an additional 2,437 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Autodesk 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 sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $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 company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on ADSK shares. Macquarie reissued an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Citigroup decreased their target price 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. KeyCorp raised their price target on shares of Autodesk from $330.00 to $335.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Oppenheimer decreased their price objective on Autodesk from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, UBS Group raised their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $329.64.

Autodesk Stock Down 0.4 %

Shares of Autodesk stock traded down $0.91 during trading on Friday, hitting $256.01. 312,137 shares of the stock were exchanged, compared to its average volume of 1,690,296. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm's 50-day moving average price is $273.41 and its 200 day moving average price is $287.35. The stock has a market cap of $54.53 billion, a price-to-earnings ratio of 50.74, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk 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.