USS Investment Management Ltd Sells 3,695 Shares of Autodesk, Inc. (NASDAQ:ADSK)

USS Investment Management Ltd reduced its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,075 shares of the software company's stock after selling 3,695 shares during the period. USS Investment Management Ltd's holdings in Autodesk were worth $13,326,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADSK. Merit Financial Group LLC grew its holdings in Autodesk by 84.2% in the fourth quarter. Merit Financial Group LLC now owns 1,728 shares of the software company's stock worth $511,000 after purchasing an additional 790 shares during the period. Arkadios Wealth Advisors grew its holdings in Autodesk by 7.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,591 shares of the software company's stock worth $766,000 after purchasing an additional 175 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Autodesk in the fourth quarter worth about $210,000. Aaron Wealth Advisors LLC grew its holdings in Autodesk by 5.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,187 shares of the software company's stock worth $351,000 after purchasing an additional 59 shares during the period. Finally, Grove Bank & Trust grew its holdings in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after purchasing an additional 37 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

ADSK stock traded up $0.35 on Friday, hitting $295.35. The company had a trading volume of 3,196,593 shares, compared to its average volume of 1,638,401. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month 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's 50-day simple moving average is $271.64 and its 200 day simple moving average is $286.69. The stock has a market cap of $63.19 billion, a price-to-earnings ratio of 58.60, a P/E/G ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADSK shares. Bank of America upped their price objective on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday. Barclays upped their price objective on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group upped their price objective on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, UBS Group increased their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.18.

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.