Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Yarbrough Capital LLC

Yarbrough Capital LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 55.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,770 shares of the software company's stock after selling 11,061 shares during the quarter. Yarbrough Capital LLC's holdings in Autodesk were worth $2,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its holdings in Autodesk by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after acquiring an additional 39 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Autodesk by 9.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after acquiring an additional 42 shares during the period. FineMark National Bank & Trust boosted its holdings in Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after acquiring an additional 42 shares during the period. Johnson Financial Group Inc. boosted its holdings in Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after acquiring an additional 42 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in Autodesk by 6.4% during the 4th quarter. Continuum Advisory LLC now owns 749 shares of the software company's stock valued at $221,000 after acquiring an additional 45 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $345.00 target price (up from $313.03) on shares of Autodesk in a report on Friday, May 23rd. Piper Sandler lifted their price objective on Autodesk from $357.00 to $361.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. The Goldman Sachs Group lifted their price objective on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Stifel Nicolaus lifted their price objective on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $337.45.

Insider Buying and Selling

In other news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $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 0.1%

ADSK stock traded down $0.36 during trading on Friday, hitting $297.86. 941,689 shares of the company's stock were exchanged, compared to its average volume of 1,573,602. The business has a 50-day moving average price of $277.69 and a two-hundred day moving average price of $285.94. The stock has a market capitalization of $63.74 billion, a price-to-earnings ratio of 59.10, a PEG ratio of 2.94 and a beta of 1.45. Autodesk, Inc. has a 52-week low of $205.86 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.

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.