Nuveen Asset Management LLC Sells 29,371 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Nuveen Asset Management LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,047,882 shares of the software company's stock after selling 29,371 shares during the quarter. Nuveen Asset Management LLC owned about 0.49% of Autodesk worth $309,722,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC increased its holdings in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Autodesk in the 4th quarter valued at $30,000. Addison Advisors LLC lifted its stake in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk during the 4th quarter valued at about $39,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.8%

Shares of ADSK stock traded up $2.30 on Friday, reaching $298.08. 1,901,492 shares of the company's stock were exchanged, compared to its average volume of 1,622,887. The company's fifty day simple moving average is $267.62 and its 200 day simple moving average is $286.42. The stock has a market capitalization of $63.77 billion, a PE ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47. 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, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADSK shares. Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. KeyCorp lowered their target price on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Oppenheimer reissued an "outperform" rating on shares of Autodesk in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $321.32.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction dated Friday, March 28th. The shares were 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 represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction that occurred 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 acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company's stock.

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.