Autodesk, Inc. (NASDAQ:ADSK) Position Raised by Greenleaf Trust

Greenleaf Trust boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Investment Management Corp VA ADV acquired a new stake in Autodesk in the fourth quarter valued at $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Autodesk during the fourth quarter valued at $30,000. Abound Financial LLC acquired a new stake in shares of Autodesk during the first quarter valued at $35,000. Hurley Capital LLC acquired a new stake in shares of Autodesk during the fourth quarter valued at $44,000. Finally, CoreCap Advisors LLC boosted 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 last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Down 6.9%

Shares of Autodesk stock traded down $21.16 during trading on Thursday, reaching $286.11. The company had a trading volume of 4,697,653 shares, compared to its average volume of 1,499,536. The company has a market cap of $61.23 billion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 2.96 and a beta of 1.44. The firm's fifty day moving average is $298.03 and its 200-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 fifty-two week low of $223.03 and a fifty-two week high of $326.62.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADSK shares. BMO Capital Markets raised their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a research report on Friday, May 23rd. Morgan Stanley reissued an "overweight" rating and issued a $370.00 price target (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Piper Sandler raised their price target on Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $340.00 price target on shares of Autodesk in a report on Tuesday, May 20th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $360.00 price target (up previously from $345.00) 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Insiders Place Their Bets

In related news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 9,391 shares of company stock worth $2,909,885 in the last quarter. 0.15% of the stock is owned by corporate insiders.

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.