Oppenheimer Asset Management Inc. Decreases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Oppenheimer Asset Management Inc. lessened its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 26.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,433 shares of the software company's stock after selling 3,036 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Autodesk were worth $2,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its stake in shares of Autodesk by 3.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock worth $320,000 after acquiring an additional 39 shares during the period. GPS Wealth Strategies Group LLC raised its holdings in Autodesk by 30.1% during 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 last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $149,000 after purchasing an additional 42 shares during the period. FineMark National Bank & Trust lifted its position in shares of Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock worth $998,000 after purchasing an additional 42 shares during the period. Finally, Johnson Financial Group Inc. boosted its stake in shares of Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Up 0.1%

Autodesk stock traded up $0.20 during trading on Friday, hitting $305.13. 1,703,006 shares of the company were exchanged, compared to its average volume of 1,483,630. The company has a market capitalization of $65.30 billion, a P/E ratio of 65.34, a PEG ratio of 2.91 and a beta of 1.45. The business's 50 day moving average is $289.65 and its 200 day moving average is $285.42. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ADSK shares. KeyCorp reissued an "overweight" rating and set a $350.00 target price (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. DA Davidson set a $305.00 price objective on Autodesk and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Scotiabank cut their target price 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. Mizuho decreased their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Barclays lifted their target price on Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $340.45.

Insiders Place Their Bets

In other news, EVP Rebecca Pearce sold 2,544 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $305.00, for a total value of $775,920.00. Following the completion of the sale, the executive vice president now owns 25,801 shares in the company, valued at $7,869,305. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 3,087 shares of company stock valued at $936,607 in the last three months. 0.15% of the stock is currently owned by insiders.

Autodesk Company 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.