Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 34.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,990 shares of the software company's stock after selling 5,753 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Autodesk were worth $2,877,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ADSK. Investment Management Corp VA ADV acquired a new position in Autodesk during the 4th quarter valued at approximately $29,000. Tradewinds Capital Management LLC lifted its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk during the fourth quarter valued at $30,000. Addison Advisors LLC boosted its holdings in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares during the period. Finally, Hurley Capital LLC bought a new position in shares of Autodesk during the fourth quarter worth about $44,000. Institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ADSK. DA Davidson set a $305.00 target price on shares of Autodesk and gave the company a "neutral" rating in a research note on Friday, May 23rd. Barclays boosted their price objective on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. KeyCorp reissued an "overweight" rating and issued a $350.00 price objective (up from $323.00) on shares of Autodesk in a report on Friday, May 23rd. JPMorgan Chase & Co. cut their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus increased their price target on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $337.45.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 486 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the transaction, the executive vice president now directly owns 28,345 shares of the company's stock, valued at $8,503,500. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,995 shares of company stock valued at $816,082 over the last three months. Company insiders own 0.15% of the company's stock.

Autodesk Stock Performance

ADSK opened at $297.21 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $63.60 billion, a PE ratio of 63.64, a P/E/G ratio of 2.86 and a beta of 1.45. The business has a fifty day simple moving average of $286.32 and a 200-day simple moving average of $285.24. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62.

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.

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