Principal Financial Group Inc. Has $80.16 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Principal Financial Group Inc. decreased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 82.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 306,185 shares of the software company's stock after selling 1,457,576 shares during the period. Principal Financial Group Inc. owned about 0.14% of Autodesk worth $80,159,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management lifted its position in shares of Autodesk by 2.5% in the first quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock valued at $543,000 after buying an additional 50 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Autodesk in the first quarter valued at approximately $324,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Autodesk by 1.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock valued at $3,565,000 after buying an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Autodesk by 27.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock worth $11,212,000 after buying an additional 9,222 shares during the period. Finally, GAMMA Investing LLC grew its stake in Autodesk by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 5,617 shares of the software company's stock valued at $1,471,000 after buying an additional 290 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

NASDAQ:ADSK traded down $1.35 during trading hours on Monday, hitting $315.31. The company's stock had a trading volume of 1,409,645 shares, compared to its average volume of 1,483,079. The stock has a fifty day simple moving average of $295.40 and a 200-day simple moving average of $285.56. The company has a market capitalization of $67.48 billion, a P/E ratio of 67.52, a PEG ratio of 3.05 and a beta of 1.44. 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 twelve month low of $223.03 and a twelve month high of $326.62.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 9,391 shares of company stock worth $2,909,885. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ADSK shares. Barclays raised their price objective on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. The Goldman Sachs Group lifted 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. Rosenblatt Securities reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a report on Tuesday, May 20th. Stifel Nicolaus boosted their target price on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Bank of America upped their price target on shares of Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average target price 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.