Teacher Retirement System of Texas Has $48.77 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Teacher Retirement System of Texas lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,297 shares of the software company's stock after buying an additional 29,976 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Autodesk worth $48,773,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ADSK. Spire Wealth Management increased its holdings 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 in the last quarter. Sowell Financial Services LLC bought a new position in shares of Autodesk in the first quarter valued at $324,000. Cambridge Investment Research Advisors Inc. increased its holdings 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Autodesk by 27.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company's stock valued at $11,212,000 after buying an additional 9,222 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Autodesk by 5.4% during 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 period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on ADSK. BMO Capital Markets boosted their target price on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research note on Friday, May 23rd. Morgan Stanley reissued an "overweight" rating and set a $370.00 target price (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. The Goldman Sachs Group boosted their target price on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $340.00 target price on shares of Autodesk in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average price target of $340.45.

Autodesk Price Performance

Shares of NASDAQ:ADSK traded up $5.42 during trading on Friday, reaching $315.76. The stock had a trading volume of 836,362 shares, compared to its average volume of 1,482,820. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The business's 50-day moving average price is $294.48 and its 200 day moving average price is $285.58. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $67.57 billion, a PE ratio of 67.61, a P/E/G ratio of 2.99 and a beta of 1.44.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction that occurred on Thursday, July 3rd. The shares were 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 owned 19,440 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders have sold a total of 9,391 shares of company stock valued at $2,909,885 in the last three months. Insiders own 0.15% of the company's stock.

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.