Bridges Investment Management Inc. lowered its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 31.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,242 shares of the software company's stock after selling 4,259 shares during the quarter. Bridges Investment Management Inc.'s holdings in Autodesk were worth $2,420,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV bought a new position in shares of Autodesk in the 4th quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the fourth quarter worth $30,000. Abound Financial LLC acquired a new position in Autodesk in the first quarter worth $35,000. Hurley Capital LLC acquired a new position in shares of Autodesk during the fourth quarter valued at $44,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Autodesk by 212.0% during the fourth 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. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Autodesk
In other news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 9,391 shares of company stock valued at $2,909,885 over the last ninety days. Corporate insiders own 0.15% of the company's stock.
Autodesk Trading Down 0.9%
Shares of ADSK stock traded down $2.65 on Friday, hitting $283.46. The company had a trading volume of 1,231,630 shares, compared to its average volume of 1,498,670. The firm has a market cap of $60.66 billion, a P/E ratio of 60.69, a P/E/G ratio of 2.96 and a beta of 1.44. The stock's 50-day moving average is $298.03 and its two-hundred day moving average is $285.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62.
Analyst Ratings Changes
Several brokerages have issued reports on ADSK. Bank of America increased their price target on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Mizuho decreased their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Berenberg Bank raised Autodesk from a "hold" rating to a "buy" rating and boosted their target price for the stock from $325.00 to $365.00 in a report on Friday, June 27th. Barclays boosted their price target on Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $360.00 price target (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $343.64.
View Our Latest Report on ADSK
About Autodesk
(
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.
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