Natixis Sells 17,421 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Natixis cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 28.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,873 shares of the software company's stock after selling 17,421 shares during the quarter. Natixis' holdings in Autodesk were worth $12,672,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Ostrum Asset Management raised its position in shares of Autodesk by 27.1% in the 4th quarter. Ostrum Asset Management now owns 497 shares of the software company's stock valued at $147,000 after buying an additional 106 shares in the last quarter. Norinchukin Bank The raised its stake in Autodesk by 12.1% during the fourth quarter. Norinchukin Bank The now owns 12,379 shares of the software company's stock worth $3,659,000 after acquiring an additional 1,332 shares in the last quarter. Ossiam grew its holdings in shares of Autodesk by 1,602.7% during the 4th quarter. Ossiam now owns 154,029 shares of the software company's stock valued at $45,526,000 after purchasing an additional 144,983 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Autodesk during the fourth quarter worth $14,188,000. Finally, Dnca Finance bought a new position in shares of Autodesk in the 4th quarter valued at $3,916,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Trading Down 0.7 %

Shares of ADSK traded down $1.90 during mid-day trading on Friday, reaching $269.82. The company's stock had a trading volume of 452,270 shares, compared to its average volume of 1,635,268. The stock has a market cap of $57.47 billion, a PE ratio of 53.54, a P/E/G ratio of 2.94 and a beta of 1.49. The company's fifty day moving average price is $264.95 and its two-hundred day moving average price is $286.62. Autodesk, Inc. has a 52 week low of $195.32 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.

Insider Activity

In other news, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill bought 2,000 shares of the firm'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 purchase, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

ADSK has been the topic of a number of analyst reports. Macquarie reiterated an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Piper Sandler upgraded shares of Autodesk from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. KeyCorp decreased their price target on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group lifted their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Barclays reduced their price target on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

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.