Autodesk, Inc. (NASDAQ:ADSK) Stake Lessened by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,065 shares of the software company's stock after selling 7,199 shares during the period. California Public Employees Retirement System owned about 0.19% of Autodesk worth $98,625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Autodesk in the fourth quarter valued at $28,000. Operose Advisors LLC purchased a new stake in Autodesk during the third quarter worth approximately $35,000. AdvisorNet Financial Inc boosted its holdings in Autodesk by 67.1% in the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock valued at $35,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Autodesk by 61.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company's stock valued at $37,000 after buying an additional 68 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its stake in Autodesk by 230.5% in the third quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company's stock valued at $40,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. KeyCorp boosted their target price on Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a report on Friday, March 1st. The Goldman Sachs Group increased their price objective on Autodesk from $180.00 to $230.00 and gave the company a "sell" rating in a report on Friday, March 1st. Rosenblatt Securities lifted their target price on shares of Autodesk from $265.00 to $290.00 and gave the company a "buy" rating in a report on Friday, March 1st. Oppenheimer increased their price target on shares of Autodesk from $265.00 to $315.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of Autodesk from a "c+" rating to a "b-" rating in a research note on Friday, December 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.44.

Insiders Place Their Bets

In other news, CEO Andrew Anagnost sold 21,053 shares of the firm's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the transaction, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company's stock, valued at $27,354,327.87. The disclosure for this sale can be found here. In the last three months, insiders sold 36,166 shares of company stock valued at $9,465,055. Company insiders own 0.14% of the company's stock.

Autodesk Price Performance

Autodesk stock traded down $2.93 during mid-day trading on Wednesday, hitting $215.00. 2,626,971 shares of the company were exchanged, compared to its average volume of 1,463,483. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk, Inc. has a 12-month low of $188.38 and a 12-month high of $279.53. The business's 50 day simple moving average is $250.18 and its two-hundred day simple moving average is $235.54. The company has a market capitalization of $45.99 billion, a P/E ratio of 51.76, a PEG ratio of 2.98 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Autodesk Company 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.