Invesco LLC Has $404,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Invesco LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 49.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,545 shares of the software company's stock after selling 1,507 shares during the quarter. Invesco LLC's holdings in Autodesk were worth $404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ADSK. Legacy Advisors LLC increased its position in shares of Autodesk by 7.8% during the 1st quarter. Legacy Advisors LLC now owns 1,059 shares of the software company's stock valued at $277,000 after purchasing an additional 77 shares during the period. Asset Management One Co. Ltd. grew its holdings in Autodesk by 8.5% during the first quarter. Asset Management One Co. Ltd. now owns 90,788 shares of the software company's stock worth $23,768,000 after acquiring an additional 7,119 shares during the period. Crewe Advisors LLC raised its position in Autodesk by 73.7% in the first quarter. Crewe Advisors LLC now owns 535 shares of the software company's stock worth $140,000 after acquiring an additional 227 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in Autodesk in the 1st quarter valued at about $427,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Autodesk by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock valued at $3,565,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In related news, EVP Rebecca Pearce sold 2,544 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $305.00, for a total value of $775,920.00. Following the transaction, the executive vice president now owns 25,801 shares in the company, valued at approximately $7,869,305. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,539 shares of company stock valued at $1,592,002 in the last quarter. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report 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. Macquarie restated an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Piper Sandler boosted their target price on Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Finally, The Goldman Sachs Group increased their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $337.45.

Autodesk Stock Down 0.3%

ADSK traded down $1.06 on Wednesday, reaching $303.13. 115,437 shares of the company traded hands, compared to its average volume of 1,485,731. The stock's 50 day moving average price is $287.90 and its 200-day moving average price is $285.33. Autodesk, Inc. has a 52-week low of $223.03 and a 52-week high of $326.62. The company has a market cap of $64.87 billion, a price-to-earnings ratio of 64.86, a PEG ratio of 2.90 and a beta of 1.45. 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 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.