Nisa Investment Advisors LLC Lowers Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Nisa Investment Advisors LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,888 shares of the software company's stock after selling 5,827 shares during the quarter. Nisa Investment Advisors LLC's holdings in Autodesk were worth $12,013,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ADSK. Investment Management Corp VA ADV purchased a new position in shares of Autodesk during the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the fourth quarter worth about $30,000. Abound Financial LLC bought a new stake in Autodesk during the 1st quarter valued at approximately $35,000. Hurley Capital LLC purchased a new position in Autodesk in the 4th quarter worth approximately $44,000. Finally, CoreCap Advisors LLC boosted its stake in Autodesk by 212.0% in the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock worth $46,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Trading Up 5.1%

Shares of NASDAQ:ADSK traded up $14.16 during trading hours on Monday, hitting $294.55. 3,744,558 shares of the company's stock traded hands, compared to its average volume of 1,514,688. The firm has a market capitalization of $63.03 billion, a P/E ratio of 63.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.44. The business has a fifty day moving average price of $298.04 and a 200-day moving average price of $285.60. 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Oppenheimer reissued an "outperform" rating and issued a $350.00 target price (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Barclays boosted their price target on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Mizuho reduced their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Citigroup boosted their target price on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. cut their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $343.64.

Insider Activity

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the company's 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 transaction, the executive vice president owned 19,440 shares of the company's stock, valued at $6,123,600. This represents a 14.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is currently owned by company insiders.

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.