Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,795,817 shares of the software company's stock after purchasing an additional 8,962 shares during the period. Ameriprise Financial Inc. owned 0.84% of Autodesk worth $530,773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after acquiring an additional 245,816 shares during the last quarter. Franklin Resources Inc. increased its stake in Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock worth $413,405,000 after purchasing an additional 387,309 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the fourth quarter worth about $37,000. Nordea Investment Management AB boosted its stake in shares of Autodesk by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 17,498 shares of the software company's stock valued at $5,199,000 after purchasing an additional 1,174 shares during the period. Finally, Fortem Financial Group LLC grew its holdings in shares of Autodesk by 1.1% in the fourth quarter. Fortem Financial Group LLC now owns 7,737 shares of the software company's stock valued at $2,287,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value 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. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADSK. Bank of America raised their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Citigroup cut their price target on Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Robert W. Baird decreased their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. KeyCorp cut their target price on shares of Autodesk from $335.00 to $323.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Macquarie reiterated an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $321.36.

Autodesk Stock Performance

ADSK stock traded down $2.14 on Friday, hitting $287.48. The company's stock had a trading volume of 906,923 shares, compared to its average volume of 1,622,153. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $61.23 billion, a price-to-earnings ratio of 57.04, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The firm has a 50 day moving average of $263.76 and a two-hundred day moving average of $286.12.

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.