Centaurus Financial Inc. Sells 4,245 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Centaurus Financial Inc. lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,828 shares of the software company's stock after selling 4,245 shares during the period. Autodesk comprises 0.8% of Centaurus Financial Inc.'s holdings, making the stock its 24th largest position. Centaurus Financial Inc.'s holdings in Autodesk were worth $13,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC raised its stake in shares of Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after acquiring an additional 35 shares during the last quarter. Y.D. More Investments Ltd grew its stake in shares of Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after purchasing an additional 35 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after purchasing an additional 37 shares during the period. Cullen Frost Bankers Inc. raised its position in 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. Finally, EverSource Wealth Advisors LLC raised its position in Autodesk by 9.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock worth $149,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADSK. Royal Bank of Canada restated an "outperform" rating and set a $345.00 price objective (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. Mizuho lowered their price target on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus boosted their price target on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. The Goldman Sachs Group increased their price objective on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $360.00 price objective (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.

Autodesk Stock Down 0.5%

Shares of NASDAQ ADSK traded down $1.37 during mid-day trading on Friday, reaching $295.63. 4,533,884 shares of the company's stock traded hands, compared to its average volume of 1,634,630. 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 1-year low of $195.32 and a 1-year high of $326.62. The stock has a market cap of $63.25 billion, a P/E ratio of 58.66, a PEG ratio of 2.94 and a beta of 1.47. The business has a 50-day simple moving average of $274.03 and a 200 day simple moving average of $286.44.

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.