Greenleaf Trust Acquires 825 Shares of Autodesk, Inc. (NASDAQ:ADSK)

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

Several other large investors have also made changes to their positions in ADSK. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after acquiring an additional 2,307,960 shares during the period. Norges Bank bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $632,566,000. Farallon Capital Management LLC acquired a new position in shares of Autodesk during the fourth quarter worth approximately $544,381,000. GAMMA Investing LLC boosted its position in shares of Autodesk by 27,505.2% during the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after buying an additional 1,465,204 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Autodesk by 43.7% during the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after buying an additional 670,699 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADSK has been the topic of several research analyst reports. Scotiabank lowered their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. DA Davidson raised shares of Autodesk from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $305.00 to $375.00 in a research report on Monday. Citigroup upped their price target on shares of Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Wells Fargo & Company reissued an "overweight" rating and issued a $360.00 price objective (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Berenberg Bank raised shares of Autodesk from a "hold" rating to a "buy" rating and lifted their target price for the stock from $325.00 to $365.00 in a research note on Friday, June 27th. Six equities research 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 stock has a consensus rating of "Moderate Buy" and an average price target of $343.64.

Autodesk Price Performance

ADSK stock traded down $5.72 during midday trading on Friday, reaching $280.39. The company had a trading volume of 2,441,762 shares, compared to its average volume of 1,503,290. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The company has a market capitalization of $60.00 billion, a P/E ratio of 60.04, a P/E/G ratio of 2.96 and a beta of 1.44. The firm has a 50-day moving average price of $298.03 and a 200-day moving average price of $285.95.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of the company's 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is currently owned by corporate insiders.

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.