InTrack Investment Management Inc Has $560,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

InTrack Investment Management Inc lessened its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 38.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,140 shares of the software company's stock after selling 1,318 shares during the quarter. InTrack Investment Management Inc's holdings in Autodesk were worth $560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Autodesk by 406.8% in 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 in the last quarter. Norges Bank bought a new stake in Autodesk during the 4th quarter worth about $632,566,000. Farallon Capital Management LLC acquired a new position in shares of Autodesk during the 4th quarter worth about $544,381,000. GAMMA Investing LLC increased its position in shares of Autodesk by 27,505.2% in the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after acquiring an additional 1,465,204 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in 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 in the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Trading Up 0.9%

ADSK stock traded up $2.54 during trading on Thursday, hitting $299.31. The company had a trading volume of 354,502 shares, compared to its average volume of 1,553,834. The stock has a market cap of $64.05 billion, a PE ratio of 59.39, a PEG ratio of 2.94 and a beta of 1.45. The business has a 50-day moving average of $280.10 and a 200-day moving average of $285.73. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a one year low of $214.51 and a one year high of $326.62.

Insider Transactions at Autodesk

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

Wall Street Analyst Weigh In

Several research firms have recently commented on ADSK. Citigroup increased their price objective on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Piper Sandler boosted their price objective on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $345.00 target price (up from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their price target on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $337.45.

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.