Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,951 shares of the software company's stock after acquiring an additional 2,689 shares during the period. Cetera Investment Advisers' holdings in Autodesk were worth $17,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Autodesk by 14.5% in the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after acquiring an additional 147 shares during the period. New Age Alpha Advisors LLC acquired a new position in Autodesk during the fourth quarter worth $69,000. Level Four Advisory Services LLC purchased a new position in shares of Autodesk during the fourth quarter worth $240,000. Schroder Investment Management Group grew its stake in shares of Autodesk by 20.7% in the fourth quarter. Schroder Investment Management Group now owns 116,046 shares of the software company's stock valued at $34,300,000 after buying an additional 19,892 shares in the last quarter. Finally, RWA Wealth Partners LLC purchased a new stake in shares of Autodesk in the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction on Thursday, July 3rd. The shares were 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 $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 9,391 shares of company stock worth $2,909,885 over the last three months. 0.15% of the stock is owned by company insiders.

Autodesk Stock Performance

ADSK stock traded down $6.79 during trading on Friday, hitting $296.32. The company had a trading volume of 588,457 shares, compared to its average volume of 1,604,720. The firm has a 50-day moving average price of $300.14 and a 200-day moving average price of $286.25. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62. The firm has a market cap of $63.41 billion, a PE ratio of 63.47, a price-to-earnings-growth ratio of 2.96 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.

Analysts Set New Price Targets

Several equities analysts have commented on ADSK shares. Oppenheimer restated an "outperform" rating and issued a $350.00 price target (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. KeyCorp reiterated an "overweight" rating and issued a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. JPMorgan Chase & Co. lowered their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets increased their target price on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $345.00 price target (up from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and a consensus target price of $342.61.

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.