Impax Asset Management Group plc Trims Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Impax Asset Management Group plc decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 630,995 shares of the software company's stock after selling 29,725 shares during the period. Impax Asset Management Group plc owned about 0.30% of Autodesk worth $165,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ADSK. Vanguard Group Inc. raised its position in Autodesk by 0.6% in 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 increased its position in Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after acquiring an additional 45,623 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Autodesk by 28.0% in the 4th 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 acquiring an additional 667,763 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp increased its position in Autodesk by 20.6% in the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock valued at $727,933,000 after acquiring an additional 420,838 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Up 1.7%

Shares of ADSK stock traded up $5.42 during mid-day trading on Friday, reaching $315.76. The stock had a trading volume of 836,362 shares, compared to its average volume of 1,483,374. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock's 50-day moving average price is $295.40 and its two-hundred day moving average price is $285.67. The firm has a market capitalization of $67.57 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 3.05 and a beta of 1.44. Autodesk, Inc. has a 52-week low of $223.03 and a 52-week high of $326.62.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Oppenheimer reaffirmed an "outperform" rating and set a $350.00 price target (up from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. DA Davidson set a $305.00 price objective on Autodesk and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.45.

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the business'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 transaction, the executive vice president directly owned 19,440 shares of the company's stock, valued at approximately $6,123,600. The trade was a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is currently owned by 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.