Ballentine Partners LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 23.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,029 shares of the software company's stock after selling 1,566 shares during the quarter. Ballentine Partners LLC's holdings in Autodesk were worth $1,317,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Investment Management Corp VA ADV acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk in the 4th quarter valued at $30,000. Abound Financial LLC acquired a new stake in Autodesk in the 1st quarter valued at $35,000. Hurley Capital LLC acquired a new stake in Autodesk in the 4th quarter valued at $44,000. Finally, CoreCap Advisors LLC grew its stake in Autodesk by 212.0% in the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.
Insider Transactions at Autodesk
In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the sale, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 9,391 shares of company stock worth $2,909,885 in the last 90 days. 0.15% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
ADSK has been the topic of a number of research analyst reports. 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. Macquarie reissued an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday. Scotiabank dropped their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company reissued an "overweight" rating and issued a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Citigroup lifted their price target on shares of Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $343.64.
Read Our Latest Report on Autodesk
Autodesk Stock Down 2.0%
Shares of ADSK opened at $280.39 on Monday. The firm has a market cap of $60.00 billion, a P/E ratio of 60.04, a price-to-earnings-growth ratio of 2.70 and a beta of 1.44. Autodesk, Inc. has a 12-month low of $223.03 and a 12-month high of $326.62. The company's 50-day moving average price is $298.04 and its 200 day moving average price is $285.60. 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 Profile
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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.
Further Reading
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