Hennion & Walsh Asset Management Inc. Sells 2,285 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 18.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,923 shares of the software company's stock after selling 2,285 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Autodesk were worth $2,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Massachusetts Financial Services Co. MA lifted its stake in shares of Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after buying an additional 2,307,960 shares during the last quarter. Norges Bank bought a new position in Autodesk in the 4th quarter valued at about $632,566,000. Farallon Capital Management LLC acquired a new stake in Autodesk during the fourth quarter worth approximately $544,381,000. GAMMA Investing LLC lifted its position in 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 acquiring an additional 1,465,204 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings 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 acquiring an additional 670,699 shares during the period. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADSK. Stifel Nicolaus increased their target price on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Scotiabank dropped their target price on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Mizuho reduced their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays raised their price target on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $337.45.

Autodesk Price Performance

NASDAQ:ADSK traded down $0.36 during trading hours on Friday, hitting $297.86. The company's stock had a trading volume of 941,689 shares, compared to its average volume of 1,578,895. Autodesk, Inc. has a twelve month low of $205.86 and a twelve month high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a fifty day simple moving average of $277.02 and a 200-day simple moving average of $286.14. The company has a market capitalization of $63.73 billion, a P/E ratio of 59.10, a PEG ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling

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