Greenleaf Trust Has $5.72 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Greenleaf Trust raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,838 shares of the software company's stock after buying an additional 825 shares during the period. Greenleaf Trust's holdings in Autodesk were worth $5,717,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its holdings in shares of Autodesk by 18.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 449,470 shares of the software company's stock valued at $116,263,000 after acquiring an additional 68,638 shares during the period. Ninety One SA PTY Ltd grew its position in Autodesk by 46.3% during the 1st quarter. Ninety One SA PTY Ltd now owns 54,826 shares of the software company's stock worth $14,285,000 after purchasing an additional 17,354 shares in the last quarter. Ninety One UK Ltd raised its stake in Autodesk by 1.6% during 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 during the period. China Universal Asset Management Co. Ltd. raised its stake in Autodesk by 38.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,210 shares of the software company's stock valued at $2,935,000 after purchasing an additional 3,111 shares during the period. Finally, Alpha Cubed Investments LLC raised its stake in Autodesk by 10.9% during the 1st quarter. Alpha Cubed Investments LLC now owns 882 shares of the software company's stock valued at $231,000 after purchasing an additional 87 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

Autodesk stock traded down $7.64 on Wednesday, reaching $307.27. The company's stock had a trading volume of 2,559,839 shares, compared to its average volume of 1,488,286. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The company has a market cap of $65.76 billion, a price-to-earnings ratio of 65.80, a PEG ratio of 3.04 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business's fifty day moving average price is $297.11 and its 200 day moving average price is $285.88.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets lifted their price target on Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Bank of America boosted their price objective on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. Finally, Oppenheimer reissued an "outperform" rating and issued a $350.00 price target (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and an average price target of $343.64.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of the company's 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 directly owned 19,440 shares of the company's stock, valued at $6,123,600. This represents a 14.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by company insiders.

About Autodesk

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.