Arizona State Retirement System Has $16.51 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Arizona State Retirement System grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,049 shares of the software company's stock after buying an additional 1,339 shares during the period. Arizona State Retirement System's holdings in Autodesk were worth $16,506,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Spire Wealth Management lifted its holdings in shares of Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock worth $543,000 after purchasing an additional 50 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Autodesk in the 1st quarter valued at approximately $324,000. Cambridge Investment Research Advisors Inc. increased its position in Autodesk by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock valued at $3,565,000 after acquiring an additional 229 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Autodesk by 27.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after acquiring an additional 9,222 shares during the period. Finally, GAMMA Investing LLC increased its position in Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after acquiring an additional 290 shares during the period. Institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the sale, the executive vice president owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on ADSK. JPMorgan Chase & Co. lowered their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $345.00 target price (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating and issued a $360.00 target price (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Oppenheimer restated an "outperform" rating and issued a $350.00 target price (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Morgan Stanley restated an "overweight" rating and issued a $370.00 target price (up from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Autodesk Stock Up 4.8%

ADSK traded up $13.51 during trading on Monday, reaching $293.90. 1,464,418 shares of the stock traded hands, compared to its average volume of 1,613,281. The stock has a market cap of $62.90 billion, a price-to-earnings ratio of 62.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.44. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. 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's 50-day simple moving average is $298.04 and its two-hundred day simple moving average is $285.60.

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.