Douglas Lane & Associates LLC Lowers Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Douglas Lane & Associates LLC reduced its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,484 shares of the software company's stock after selling 7,300 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.05% of Autodesk worth $28,401,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after acquiring an additional 119,034 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after purchasing an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 valued at $902,597,000 after purchasing an additional 667,763 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of 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 purchasing an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after purchasing an additional 420,838 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $0.81 during midday trading on Thursday, reaching $299.17. The company had a trading volume of 464,757 shares, compared to its average volume of 1,582,583. The stock has a market cap of $64.01 billion, a P/E ratio of 59.36, a P/E/G 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. Autodesk, Inc. has a 52-week low of $205.86 and a 52-week high of $326.62. The company's 50 day moving average price is $276.29 and its 200 day moving average price is $286.17.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction 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 approximately $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Scotiabank reduced their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group upped their price objective on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. UBS Group raised their target price on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, BMO Capital Markets upped their price target on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research note on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.