Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Russell Investments Group Ltd.

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Russell Investments Group Ltd. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 382,382 shares of the software company's stock after selling 22,549 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Autodesk worth $93,147,000 as of its most recent SEC filing.

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Other institutional investors and hedge funds have also bought and sold shares of the company. Bfsg LLC purchased a new position in Autodesk in the fourth quarter worth about $27,000. Rakuten Securities Inc. purchased a new position in shares of Autodesk during the 4th quarter valued at about $28,000. AdvisorNet Financial Inc lifted its position in shares of Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock valued at $35,000 after buying an additional 57 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of Autodesk during the 3rd quarter valued at about $35,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Autodesk during the 4th quarter valued at about $41,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of 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 is available through the SEC website. In related news, EVP Rebecca Pearce sold 1,628 shares of the business's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the transaction, the chief executive officer now owns 105,213 shares of the company's stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,166 shares of company stock worth $9,465,055. 0.14% of the stock is currently owned by company insiders.

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Autodesk Trading Up 0.7 %

Shares of Autodesk stock traded up $1.53 on Friday, reaching $217.93. The company had a trading volume of 1,277,888 shares, compared to its average volume of 1,925,797. The firm has a market cap of $46.62 billion, a price-to-earnings ratio of 51.76, a P/E/G ratio of 3.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The firm's 50-day moving average price is $247.53 and its two-hundred day moving average price is $235.63. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results 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 company's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, research analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho lifted their price objective on Autodesk from $220.00 to $270.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. BMO Capital Markets lifted their price objective on Autodesk from $232.00 to $293.00 and gave the company a "market perform" rating in a research report on Friday, March 1st. Barclays lifted their target price on Autodesk from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. The Goldman Sachs Group lifted their target price on Autodesk from $180.00 to $230.00 and gave the company a "sell" rating in a research note on Friday, March 1st. Finally, KeyCorp lifted their target price on Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $272.44.

Check Out Our Latest Report on ADSK

About Autodesk

(Free Report)

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.

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