Autodesk, Inc. (NASDAQ:ADSK) Stock Position Boosted by Ethic Inc.

Ethic Inc. increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,612 shares of the software company's stock after buying an additional 1,814 shares during the period. Ethic Inc.'s holdings in Autodesk were worth $6,683,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after buying an additional 2,307,960 shares during the period. Norges Bank purchased a new position in shares of Autodesk during the 4th quarter worth approximately $632,566,000. Farallon Capital Management LLC bought a new stake in Autodesk during the fourth quarter worth about $544,381,000. Franklin Resources Inc. raised its stake in shares of Autodesk by 45.1% in the fourth quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company's stock worth $621,535,000 after purchasing an additional 653,868 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Autodesk in the fourth quarter worth approximately $154,408,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling

In other news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADSK. Macquarie reiterated an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. KeyCorp cut their price target on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and issued a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. Finally, Robert W. Baird lowered their price target on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $321.36.

Autodesk Price Performance

Shares of NASDAQ:ADSK traded up $3.81 during midday trading on Tuesday, hitting $297.01. 1,220,256 shares of the stock were exchanged, compared to its average volume of 1,620,683. The stock has a market cap of $63.54 billion, a P/E ratio of 58.93, a PEG ratio of 2.94 and a beta of 1.47. 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 company has a 50 day moving average price of $264.28 and a 200-day moving average price of $286.17. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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.