Moloney Securities Asset Management LLC Sells 3,350 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Moloney Securities Asset Management LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 69.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,468 shares of the software company's stock after selling 3,350 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Autodesk were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ADSK. Investment Management Corp VA ADV purchased a new position in Autodesk during the 4th quarter valued at about $29,000. Mizuho Securities Co. Ltd. bought a new position in Autodesk in the 4th quarter valued at approximately $30,000. Abound Financial LLC bought a new position in Autodesk in the 1st quarter valued at approximately $35,000. Hurley Capital LLC bought a new position in Autodesk in the 4th quarter valued at approximately $44,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Autodesk by 212.0% during the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after buying an additional 106 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Down 2.0%

ADSK stock traded down $5.72 during midday trading on Friday, reaching $280.39. The company had a trading volume of 2,441,762 shares, compared to its average volume of 1,504,230. The company has a market capitalization of $60.00 billion, a P/E ratio of 60.04, a PEG ratio of 2.75 and a beta of 1.44. The company has a 50 day moving average of $298.03 and a two-hundred day moving average of $285.95. 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 1 year low of $223.03 and a 1 year high of $326.62.

Analyst Ratings Changes

Several research analysts have commented on ADSK shares. JPMorgan Chase & Co. dropped their price objective 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. The Goldman Sachs Group lifted their price objective on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. DA Davidson upgraded Autodesk from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $305.00 to $375.00 in a research note on Monday. Citigroup boosted 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $340.00 price target on shares of Autodesk in a report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $343.64.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 3,251 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the completion of the transaction, the executive vice president owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 9,391 shares of company stock valued at $2,909,885 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

About Autodesk

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.