Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 72.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,887 shares of the software company's stock after selling 18,002 shares during the period. UMB Bank n.a.'s holdings in Autodesk were worth $1,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ADSK. Massachusetts Financial Services Co. MA increased its position in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Norges Bank acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $632,566,000. Farallon Capital Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at approximately $544,381,000. GAMMA Investing LLC raised its position in shares of Autodesk by 27,505.2% during the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock valued at $384,985,000 after buying an additional 1,465,204 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after acquiring an additional 670,699 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Barclays lifted their price target on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $340.00 price objective on shares of Autodesk in a research report on Tuesday, May 20th. Scotiabank dropped their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Finally, Oppenheimer restated an "outperform" rating and set a $350.00 price target (up from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Buying and Selling

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

Autodesk Stock Down 0.3%

ADSK stock traded down $0.77 during trading on Wednesday, hitting $296.77. 1,198,594 shares of the company's stock were exchanged, compared to its average volume of 1,558,490. The business has a 50-day moving average price of $279.08 and a two-hundred day moving average price of $285.65. Autodesk, Inc. has a 52-week low of $214.51 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. The stock has a market capitalization of $63.51 billion, a price-to-earnings ratio of 58.88, a PEG ratio of 2.94 and a beta of 1.45.

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.