Autodesk, Inc. (NASDAQ:ADSK) Holdings Lowered by CWA Asset Management Group LLC

CWA Asset Management Group LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,664 shares of the software company's stock after selling 2,549 shares during the quarter. CWA Asset Management Group LLC's holdings in Autodesk were worth $5,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 119,034 shares during the period. Geode Capital Management LLC boosted its position in Autodesk by 1.0% during the 4th 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Autodesk by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock worth $902,597,000 after acquiring an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Autodesk by 20.6% in the 4th 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 during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill acquired 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, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company's 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 completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,995 shares of company stock worth $816,082 in the last ninety days. Insiders own 0.15% of the company's stock.

Autodesk Trading Down 0.8%

Shares of Autodesk stock opened at $296.85 on Wednesday. The company has a market cap of $63.53 billion, a price-to-earnings ratio of 63.57, a PEG ratio of 2.88 and a beta of 1.45. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The company's fifty day simple moving average is $284.15 and its 200-day simple moving average is $285.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ADSK shares. UBS Group boosted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company reaffirmed 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 reiterated an "outperform" rating and set a $350.00 price target (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $345.00 price target (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Robert W. Baird lifted their target price on shares of Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

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.

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