Ninety One North America Inc. lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 221,562 shares of the software company's stock after selling 7,720 shares during the period. Autodesk makes up 3.9% of Ninety One North America Inc.'s holdings, making the stock its 6th biggest holding. Ninety One North America Inc. owned approximately 0.10% of Autodesk worth $58,005,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after buying an additional 147 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Autodesk in the 4th quarter valued at about $202,000. Cullen Frost Bankers Inc. boosted its stake in shares of Autodesk by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock worth $320,000 after purchasing an additional 39 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Autodesk during the 4th quarter worth about $116,828,000. Finally, Callan Family Office LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $922,000. Institutional investors and hedge funds own 90.24% of the company's stock.
Insiders Place Their Bets
In other Autodesk 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 value of $1,024,065.00. Following the completion of the transaction, the executive vice president directly owned 19,440 shares of the company's stock, valued at $6,123,600. The trade was a 14.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 9,391 shares of company stock worth $2,909,885. Company insiders own 0.15% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Morgan Stanley reiterated an "overweight" rating and set a $370.00 price objective (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Stifel Nicolaus lifted their price objective on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $345.00 price target (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Finally, DA Davidson raised shares of Autodesk from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $305.00 to $375.00 in a report on Monday. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $343.64.
Check Out Our Latest Stock Analysis on Autodesk
Autodesk Trading Down 0.1%
NASDAQ:ADSK traded down $0.40 during mid-day trading on Tuesday, hitting $314.91. The company had a trading volume of 1,457,591 shares, compared to its average volume of 1,483,989. The firm has a market cap of $67.39 billion, a P/E ratio of 67.43, a P/E/G ratio of 3.04 and a beta of 1.44. 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 business's fifty day moving average is $296.27 and its two-hundred day moving average is $285.68. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62.
About Autodesk
(
Free Report)
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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