Public Sector Pension Investment Board Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Public Sector Pension Investment Board grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,379 shares of the software company's stock after purchasing an additional 2,316 shares during the quarter. Public Sector Pension Investment Board's holdings in Autodesk were worth $8,739,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Spire Wealth Management increased its holdings in Autodesk by 2.5% in the 1st quarter. Spire Wealth Management now owns 2,075 shares of the software company's stock valued at $543,000 after purchasing an additional 50 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Autodesk in the 1st quarter valued at approximately $324,000. Cambridge Investment Research Advisors Inc. increased its holdings in Autodesk by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,617 shares of the software company's stock valued at $3,565,000 after purchasing an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Autodesk by 27.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after purchasing an additional 9,222 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 purchasing an additional 290 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 9,391 shares of company stock valued at $2,909,885. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

ADSK has been the subject of several research reports. The Goldman Sachs Group lifted their target price on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Piper Sandler boosted their price target on shares of Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Loop Capital initiated coverage on shares of Autodesk in a research note on Monday, July 21st. They issued a "hold" rating and a $320.00 price target for the company. Rosenblatt Securities restated a "buy" rating and issued a $340.00 price target on shares of Autodesk in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $342.61.

Autodesk Stock Down 1.1%

ADSK stock opened at $283.75 on Friday. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $326.62. The company has a market capitalization of $60.72 billion, a price-to-earnings ratio of 60.76, a price-to-earnings-growth ratio of 2.76 and a beta of 1.46. The firm's 50-day moving average is $299.18 and its two-hundred day moving average is $286.08. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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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