Illinois Municipal Retirement Fund Sells 1,099 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Illinois Municipal Retirement Fund trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,594 shares of the software company's stock after selling 1,099 shares during the period. Illinois Municipal Retirement Fund's holdings in Autodesk were worth $7,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Investment Management Corp VA ADV bought a new position in shares of Autodesk during the fourth quarter valued at about $29,000. Mizuho Securities Co. Ltd. purchased a new stake in Autodesk during the 4th quarter valued at about $30,000. Hurley Capital LLC bought a new position in Autodesk during the 4th quarter worth approximately $44,000. CoreCap Advisors LLC increased its stake in Autodesk by 212.0% in the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after purchasing an additional 106 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its position in Autodesk by 30.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other news, EVP Rebecca Pearce sold 3,110 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $310.00, for a total value of $964,100.00. Following the sale, the executive vice president directly owned 22,691 shares of the company's stock, valued at $7,034,210. The trade was a 12.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 6,140 shares of company stock worth $1,885,820 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Up 0.4%

NASDAQ ADSK traded up $1.15 during trading hours on Tuesday, reaching $310.72. 886,361 shares of the company's stock traded hands, compared to its average volume of 1,477,206. Autodesk, Inc. has a 52-week low of $223.03 and a 52-week 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 firm has a 50-day simple moving average of $291.67 and a 200 day simple moving average of $285.14. The firm has a market cap of $66.49 billion, a PE ratio of 66.58, a PEG ratio of 2.94 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Bank of America boosted their price objective on shares of Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. KeyCorp reiterated 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, BMO Capital Markets boosted their price target on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $340.45.

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.