New York State Common Retirement Fund Buys 5,459 Shares of Autodesk, Inc. (NASDAQ:ADSK)

New York State Common Retirement Fund raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 319,666 shares of the software company's stock after purchasing an additional 5,459 shares during the period. New York State Common Retirement Fund owned 0.15% of Autodesk worth $83,689,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Investment Management Corp VA ADV bought a new stake in Autodesk during the fourth quarter valued at about $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the fourth quarter valued at about $30,000. Abound Financial LLC purchased a new position in shares of Autodesk in the first quarter valued at about $35,000. Hurley Capital LLC purchased a new position in shares of Autodesk in the fourth quarter valued at about $44,000. Finally, CoreCap Advisors LLC lifted its position in shares of Autodesk by 212.0% in the fourth quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 2.0%

Shares of ADSK stock opened at $280.39 on Monday. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock's 50 day simple moving average is $298.04 and its two-hundred day simple moving average is $285.60. The company has a market cap of $60.00 billion, a PE ratio of 60.04, a price-to-earnings-growth ratio of 2.70 and a beta of 1.44.

Insider Buying and Selling at Autodesk

In other 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 value of $1,024,065.00. Following the sale, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 9,391 shares of company stock valued at $2,909,885 in the last quarter. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Piper Sandler boosted their price objective on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. KeyCorp restated an "overweight" rating and issued a $350.00 price objective (up from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and issued a $370.00 price objective (up from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Scotiabank lowered their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Finally, Citigroup boosted their price objective on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $343.64.

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.

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