Rhumbline Advisers Has $108.59 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Rhumbline Advisers raised its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 414,780 shares of the software company's stock after acquiring an additional 11,001 shares during the period. Rhumbline Advisers owned about 0.19% of Autodesk worth $108,589,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ADSK. Vanguard Group Inc. lifted its stake in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock valued at $6,025,331,000 after buying an additional 119,034 shares during the period. Geode Capital Management LLC lifted its stake in Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock valued at $1,391,145,000 after buying an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Autodesk by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company's stock valued at $902,597,000 after buying an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after buying an additional 2,307,960 shares during the period. Finally, Northern Trust Corp lifted its stake in Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock valued at $727,933,000 after buying an additional 420,838 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 0.0%

Shares of NASDAQ:ADSK traded down $0.14 during trading on Thursday, hitting $298.22. 1,090,443 shares of the company were exchanged, compared to its average volume of 1,581,444. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $205.86 and a fifty-two week high of $326.62. The firm has a fifty day moving average price of $277.02 and a two-hundred day moving average price of $286.14. The stock has a market cap of $63.80 billion, a price-to-earnings ratio of 59.17, a P/E/G ratio of 2.94 and a beta of 1.47.

Insider Transactions at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent analyst reports. KeyCorp reiterated an "overweight" rating and set a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Scotiabank cut their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. DA Davidson set a $305.00 price objective on Autodesk and gave the company a "neutral" rating in a report on Friday, May 23rd. Robert W. Baird lifted their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Barclays lifted their price objective on Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $337.45.

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.