Brown Advisory Inc. Has $782.01 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Brown Advisory Inc. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,987,047 shares of the software company's stock after selling 50,554 shares during the quarter. Autodesk accounts for approximately 1.1% of Brown Advisory Inc.'s investment portfolio, making the stock its 19th largest position. Brown Advisory Inc. owned 1.40% of Autodesk worth $782,009,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in Autodesk during the fourth quarter worth about $29,000. Mizuho Securities Co. Ltd. acquired a new position in Autodesk during the fourth quarter worth about $30,000. Abound Financial LLC acquired a new position in Autodesk during the first quarter worth about $35,000. Hurley Capital LLC acquired a new position in Autodesk during the fourth quarter worth about $44,000. Finally, CoreCap Advisors LLC raised its stake in Autodesk by 212.0% during the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Buying and Selling

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business's 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 of the company's stock, valued at approximately $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 9,391 shares of company stock valued at $2,909,885 in the last quarter. Corporate insiders own 0.15% of the company's stock.

Autodesk Trading Down 0.6%

ADSK stock traded down $1.91 during trading on Wednesday, hitting $313.00. The company had a trading volume of 392,881 shares, compared to its average volume of 1,479,745. The business has a 50-day moving average of $297.11 and a 200-day moving average of $285.88. Autodesk, Inc. has a one year low of $223.03 and a one year high of $326.62. The stock has a market cap of $66.98 billion, a PE ratio of 67.02, a PEG ratio of 3.04 and a beta of 1.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. 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 note on Friday, May 23rd. Bank of America boosted 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. DA Davidson upgraded Autodesk from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $305.00 to $375.00 in a report on Monday. BMO Capital Markets boosted their price target on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a report on Friday, May 23rd. Finally, Mizuho reduced their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Autodesk 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.