Northern Trust Corp Has $727.93 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Northern Trust Corp grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,462,810 shares of the software company's stock after buying an additional 420,838 shares during the quarter. Northern Trust Corp owned 1.15% of Autodesk worth $727,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mount Yale Investment Advisors LLC grew its holdings in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after buying an additional 35 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after acquiring an additional 35 shares in the last quarter. Grove Bank & Trust raised its holdings in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock valued at $130,000 after acquiring an additional 37 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after acquiring an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock worth $106,000 after acquiring an additional 38 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. Citigroup lowered their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Macquarie reiterated an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. DA Davidson reduced their price target on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Robert W. Baird cut their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Finally, Mizuho cut their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and an average target price of $321.36.

Autodesk Trading Down 0.3 %

Shares of Autodesk stock traded down $0.76 on Thursday, reaching $273.49. 1,302,800 shares of the company were exchanged, compared to its average volume of 1,631,023. The firm has a market capitalization of $58.25 billion, a price-to-earnings ratio of 54.26, a price-to-earnings-growth 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 current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average price of $263.31 and a 200-day moving average price of $286.47.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the firm's 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 in the company, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents 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.

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.