Harvest Fund Management Co. Ltd lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,990 shares of the software company's stock after selling 2,274 shares during the period. Harvest Fund Management Co. Ltd's holdings in Autodesk were worth $3,923,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Close Asset Management Ltd acquired a new stake in shares of Autodesk in the 1st quarter worth about $27,000. Investment Management Corp VA ADV purchased a new stake in Autodesk in the 4th quarter valued at about $29,000. Abound Financial LLC purchased a new stake in Autodesk in the 1st quarter valued at about $35,000. AllSquare Wealth Management LLC increased its stake in Autodesk by 161.3% in the 1st quarter. AllSquare Wealth Management LLC now owns 162 shares of the software company's stock valued at $42,000 after buying an additional 100 shares during the last quarter. Finally, Hurley Capital LLC purchased a new stake in Autodesk in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 90.24% of the company's stock.
Autodesk Price Performance
NASDAQ:ADSK traded up $1.53 during trading hours on Wednesday, hitting $308.14. The stock had a trading volume of 930,401 shares, compared to its average volume of 1,708,094. The company has a 50 day simple moving average of $299.98 and a two-hundred day simple moving average of $286.12. 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 one year low of $223.03 and a one year high of $326.62. The firm has a market capitalization of $65.94 billion, a price-to-earnings ratio of 65.98, a P/E/G ratio of 2.95 and a beta of 1.44.
Analyst Ratings Changes
Several research firms have commented on ADSK. DA Davidson upgraded shares of Autodesk to a "strong-buy" rating in a research note on Tuesday, July 22nd. KeyCorp reissued an "overweight" rating and set a $350.00 target price (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Rosenblatt Securities reissued a "buy" rating and set a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. Macquarie reissued an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $342.61.
Get Our Latest Analysis on Autodesk
Insider Buying and Selling
In other news, EVP Rebecca Pearce sold 3,251 shares of the firm's stock in a transaction on 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 approximately $6,123,600. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by company insiders.
Autodesk Company Profile
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Free Report)
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.
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