Morningstar Investment Services LLC Has $2.39 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Morningstar Investment Services LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 59.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,122 shares of the software company's stock after selling 13,609 shares during the quarter. Morningstar Investment Services LLC's holdings in Autodesk were worth $2,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ADSK. Brighton Jones LLC lifted its position in Autodesk by 14.5% during the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after buying an additional 147 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at about $202,000. Teacher Retirement System of Texas raised its holdings in shares of Autodesk by 45.9% during the 4th quarter. Teacher Retirement System of Texas now owns 156,321 shares of the software company's stock valued at $46,204,000 after buying an additional 49,203 shares during the period. iA Global Asset Management Inc. raised its holdings in shares of Autodesk by 5.5% during the 4th quarter. iA Global Asset Management Inc. now owns 23,173 shares of the software company's stock valued at $6,849,000 after buying an additional 1,205 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in shares of Autodesk by 870.8% during the 4th quarter. TD Private Client Wealth LLC now owns 7,776 shares of the software company's stock valued at $2,298,000 after buying an additional 6,975 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the sale, the executive vice president directly owned 19,440 shares in the company, valued at $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is owned by corporate insiders.

Autodesk Stock Performance

Autodesk stock traded up $4.87 during trading hours on Friday, hitting $297.03. The stock had a trading volume of 2,421,067 shares, compared to its average volume of 1,527,907. Autodesk, Inc. has a fifty-two week low of $223.03 and a fifty-two week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $298.88 and a two-hundred day moving average of $285.60. The company has a market cap of $63.56 billion, a PE ratio of 63.60, a price-to-earnings-growth ratio of 2.86 and a beta of 1.44.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating and issued a $370.00 price target (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Oppenheimer restated an "outperform" rating and set a $350.00 price objective (up previously from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Barclays boosted their price objective on Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. KeyCorp restated an "overweight" rating and set a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, DA Davidson upgraded Autodesk from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $305.00 to $375.00 in a research report on Monday, July 7th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

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.