Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,023,624 shares of the software company's stock after selling 372,346 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.34% of Autodesk worth $1,484,834,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC boosted its stake in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the fourth quarter valued at $30,000. Addison Advisors LLC boosted its stake in shares of Autodesk by 157.4% during the fourth 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 purchased a new stake in shares of Autodesk during the fourth quarter valued at $37,000. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

NASDAQ ADSK traded up $0.31 on Tuesday, reaching $271.78. 231,789 shares of the company's stock traded hands, compared to its average volume of 1,630,282. The stock has a 50 day moving average price of $263.89 and a 200-day moving average price of $286.65. The firm has a market cap of $57.89 billion, a price-to-earnings ratio of 53.92, a P/E/G ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADSK shares. Scotiabank lowered their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Robert W. Baird lowered their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Barclays lowered their price objective on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Citigroup lowered their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insiders Place Their Bets

In other news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

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.