Cetera Investment Advisers Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Cetera Investment Advisers raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,262 shares of the software company's stock after buying an additional 5,626 shares during the quarter. Cetera Investment Advisers' holdings in Autodesk were worth $18,994,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ADSK. Vanguard Group Inc. boosted its holdings in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock worth $6,025,331,000 after acquiring an additional 119,034 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after acquiring an additional 45,623 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock valued at $727,933,000 after purchasing an additional 420,838 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Autodesk by 8.7% in the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock valued at $704,419,000 after purchasing an additional 191,666 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADSK. Wells Fargo & Company lowered their price target on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Oppenheimer reissued an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Morgan Stanley lowered their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America increased their price target on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, Barclays lowered their price target on Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $321.36.

Insiders Place Their Bets

In related news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Autodesk Stock Performance

NASDAQ:ADSK traded down $1.34 during trading hours on Wednesday, reaching $295.67. The stock had a trading volume of 466,551 shares, compared to its average volume of 1,616,160. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day simple moving average of $265.01 and a 200 day simple moving average of $286.25. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market cap of $63.26 billion, a P/E ratio of 58.66, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

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.