New York State Teachers Retirement System grew its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,780 shares of the software company's stock after buying an additional 10,959 shares during the period. New York State Teachers Retirement System owned 0.09% of Autodesk worth $52,826,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its position in Autodesk by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after purchasing an additional 39 shares during the period. GPS Wealth Strategies Group LLC lifted its position in shares of Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after purchasing an additional 41 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after purchasing an additional 42 shares during the last quarter. FineMark National Bank & Trust increased its position in shares of Autodesk by 1.3% during the fourth quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock worth $998,000 after buying an additional 42 shares during the period. Finally, Johnson Financial Group Inc. raised its stake in Autodesk by 30.2% during the fourth quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after buying an additional 42 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.
Insider Activity
In related news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 19,440 shares of the company's stock, valued at approximately $6,123,600. This represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 over the last 90 days. 0.15% of the stock is owned by insiders.
Autodesk Stock Up 1.7%
Shares of NASDAQ:ADSK traded up $5.42 during midday trading on Friday, hitting $315.76. 836,362 shares of the company's stock were exchanged, compared to its average volume of 1,482,820. 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, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The company has a market cap of $67.57 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 3.05 and a beta of 1.44. The stock has a 50 day moving average price of $294.48 and a 200-day moving average price of $285.58.
Wall Street Analyst Weigh In
A number of analysts have commented on ADSK shares. Barclays upped their price target on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. BMO Capital Markets upped their target price on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research report on Friday, May 23rd. Bank of America raised their target price on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. KeyCorp reissued an "overweight" rating and issued a $350.00 price target (up from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group increased their price target on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and an average target price of $340.45.
View Our Latest Research Report on ADSK
Autodesk Profile
(
Free Report)
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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