Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Thematics Asset Management

Thematics Asset Management trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,332 shares of the software company's stock after selling 1,279 shares during the period. Thematics Asset Management's holdings in Autodesk were worth $17,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after purchasing an additional 245,816 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of Autodesk by 164.0% in the third quarter. SOA Wealth Advisors LLC. now owns 227 shares of the software company's stock valued at $63,000 after acquiring an additional 141 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Autodesk by 11.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 1,882 shares of the software company's stock valued at $518,000 after acquiring an additional 188 shares during the period. World Investment Advisors LLC purchased a new position in shares of Autodesk during the third quarter worth approximately $3,923,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Autodesk in the 3rd quarter valued at $4,751,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Down 0.9 %

ADSK traded down $2.40 during trading on Friday, hitting $269.31. The company's stock had a trading volume of 539,793 shares, compared to its average volume of 1,635,690. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm's 50 day moving average price is $264.95 and its 200-day moving average price is $286.62. 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 stock has a market cap of $57.36 billion, a PE ratio of 53.50, a PEG ratio of 2.94 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Bank of America increased their price target on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The shares were 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 represents a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction on 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 acquisition, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

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.