Janney Montgomery Scott LLC Sells 5,324 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Janney Montgomery Scott LLC cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,363 shares of the software company's stock after selling 5,324 shares during the quarter. Janney Montgomery Scott LLC's holdings in Autodesk were worth $24,966,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new position in Autodesk in the fourth quarter valued at about $13,906,000. GAM Holding AG purchased a new position in Autodesk in the fourth quarter valued at approximately $3,453,000. Paradigm Asset Management Co. LLC bought a new position in Autodesk during the fourth quarter valued at $443,000. Alberta Investment Management Corp purchased a new stake in Autodesk in the fourth quarter worth $2,453,000. Finally, RWC Asset Management LLP bought a new stake in shares of Autodesk in the fourth quarter valued at $4,015,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADSK shares. Royal Bank Of Canada restated an "outperform" rating and issued a $345.00 target price (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Oppenheimer restated an "outperform" rating and issued a $350.00 price objective (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. UBS Group boosted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the 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 completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 486 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total value of $145,800.00. Following the transaction, the executive vice president now directly owns 28,345 shares in the company, valued at $8,503,500. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,995 shares of company stock worth $816,082. 0.15% of the stock is currently owned by insiders.

Autodesk Trading Down 0.6%

ADSK stock traded down $1.66 during trading on Thursday, hitting $295.19. 1,110,730 shares of the company traded hands, compared to its average volume of 1,511,383. The company has a 50-day moving average of $284.78 and a 200-day moving average of $285.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The firm has a market capitalization of $63.17 billion, a PE ratio of 63.21, a P/E/G ratio of 2.84 and a beta of 1.45.

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.