GTS Securities LLC Sells 2,784 Shares of Autodesk, Inc. (NASDAQ:ADSK)

GTS Securities LLC lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,290 shares of the software company's stock after selling 2,784 shares during the quarter. GTS Securities LLC's holdings in Autodesk were worth $677,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Autodesk by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after acquiring an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Autodesk by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock valued at $902,597,000 after purchasing an additional 667,763 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after purchasing an additional 2,307,960 shares during the period. Finally, Northern Trust Corp lifted its holdings in Autodesk by 20.6% during the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after purchasing an additional 420,838 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

NASDAQ ADSK traded down $0.88 during trading hours on Friday, hitting $296.12. The company had a trading volume of 4,185,363 shares, compared to its average volume of 1,644,139. The firm has a 50 day simple moving average of $274.03 and a 200 day simple moving average of $286.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The firm has a market capitalization of $63.35 billion, a price-to-earnings ratio of 58.75, a PEG ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Macquarie reiterated an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Piper Sandler raised their price target on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research report on Tuesday. Rosenblatt Securities reiterated a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. KeyCorp reaffirmed an "overweight" rating and set a $350.00 target price (up from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Bank of America raised their target price on shares of Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $337.45.

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.