Lbp Am Sa Lowers Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

LBP AM SA trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,560 shares of the software company's stock after selling 2,143 shares during the quarter. LBP AM SA's holdings in Autodesk were worth $14,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Autodesk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after purchasing an additional 119,034 shares in the last quarter. Ninety One UK Ltd raised its position in Autodesk by 1.6% in the 1st quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company's stock valued at $1,347,400,000 after purchasing an additional 79,900 shares in the last quarter. Geode Capital Management LLC raised its position in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Autodesk by 28.0% in 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. Finally, Massachusetts Financial Services Co. MA raised its position in Autodesk by 406.8% in 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. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 9,391 shares of company stock worth $2,909,885. Company insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of analyst reports. Macquarie reaffirmed an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday. The Goldman Sachs Group increased their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Bank of America increased their price target on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. KeyCorp reissued an "overweight" rating and set a $350.00 target price (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Morgan Stanley reissued an "overweight" rating and set a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $343.64.

Autodesk Stock Performance

NASDAQ:ADSK traded down $5.72 during mid-day trading on Friday, reaching $280.39. 2,441,762 shares of the stock were exchanged, compared to its average volume of 1,505,732. The company has a 50 day simple moving average of $298.04 and a 200-day simple moving average of $285.70. The stock has a market capitalization of $60.00 billion, a P/E ratio of 60.04, a P/E/G ratio of 2.70 and a beta of 1.44. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year 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.