Advisory Alpha LLC Sells 1,183 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Advisory Alpha LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 42.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,587 shares of the software company's stock after selling 1,183 shares during the period. Advisory Alpha LLC's holdings in Autodesk were worth $416,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ADSK. Parallel Advisors LLC raised its stake in shares of Autodesk by 9.3% in the first quarter. Parallel Advisors LLC now owns 3,117 shares of the software company's stock valued at $816,000 after acquiring an additional 264 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Autodesk by 27,505.2% in the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after purchasing an additional 1,465,204 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Autodesk by 2.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 4,119 shares of the software company's stock worth $1,078,000 after purchasing an additional 85 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Autodesk by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 297,917 shares of the software company's stock worth $88,055,000 after buying an additional 35,194 shares in the last quarter. Finally, DSG Capital Advisors LLC bought a new position in Autodesk in the 4th quarter valued at $877,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADSK. JPMorgan Chase & Co. dropped their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Rosenblatt Securities reissued a "buy" rating and set a $340.00 price objective on shares of Autodesk in a report on Tuesday, May 20th. Wells Fargo & Company restated an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Citigroup lifted their price target on shares of Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Oppenheimer restated an "outperform" rating and issued a $350.00 price objective (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Activity at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value 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. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Autodesk Stock Up 1.4%

Shares of Autodesk stock traded up $4.26 on Tuesday, hitting $299.52. The company had a trading volume of 1,525,690 shares, compared to its average volume of 1,621,643. The stock has a 50-day moving average of $274.96 and a 200-day moving average of $285.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a twelve month low of $205.86 and a twelve month high of $326.62. The firm has a market capitalization of $64.08 billion, a P/E ratio of 59.43, a P/E/G ratio of 2.94 and a beta of 1.47.

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.