OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,017 Shares of Autodesk, Inc. (NASDAQ:ADSK)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 60.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,983 shares of the software company's stock after selling 3,017 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Autodesk were worth $586,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after purchasing an additional 5,365 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after purchasing an additional 26,768 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Autodesk during the 4th quarter valued at $13,906,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Autodesk by 25.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock worth $88,711,000 after acquiring an additional 60,963 shares during the period. Finally, GAM Holding AG bought a new position in shares of Autodesk during the 4th quarter worth $3,453,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

ADSK traded up $2.30 during trading on Friday, reaching $298.08. The stock had a trading volume of 1,901,492 shares, compared to its average volume of 1,622,687. The stock has a market cap of $63.77 billion, a PE ratio of 59.14, a PEG ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The business has a 50-day moving average of $267.62 and a 200-day moving average of $286.44.

Insider Buying and Selling

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction on Friday, March 28th. The shares were 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 in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Bank of America upped their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Robert W. Baird raised their price objective on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday. Wells Fargo & Company lowered their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group raised their price target on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average price target of $321.32.

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.