Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,003,315 shares of the software company's stock after selling 47,304 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.47% of Autodesk worth $296,574,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after buying an additional 245,816 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of Autodesk by 164.0% during 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 in the last quarter. 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 purchasing an additional 188 shares during the period. World Investment Advisors LLC bought a new position in Autodesk in the third quarter worth approximately $3,923,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Autodesk during the 3rd quarter valued at $4,751,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded down $1.78 during midday trading on Friday, reaching $269.93. The company's stock had a trading volume of 1,308,090 shares, compared to its average volume of 1,636,255. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average of $264.44 and a 200 day moving average of $286.59. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a market capitalization of $57.50 billion, a PE ratio of 53.56, a P/E/G ratio of 2.94 and a beta of 1.49.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ADSK shares. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, UBS Group upped their price objective on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was 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 owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated 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 represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Autodesk 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.