Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,923 shares of the software company's stock after selling 926 shares during the period. Pathstone Holdings LLC's holdings in Autodesk were worth $13,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company's stock worth $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. Geode Capital Management LLC boosted its position in Autodesk by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company's stock worth $1,391,145,000 after purchasing an additional 45,623 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock worth $849,858,000 after buying an additional 2,307,960 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company's stock worth $727,933,000 after purchasing an additional 420,838 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Autodesk by 8.7% in the fourth quarter. Invesco Ltd. now owns 2,383,255 shares of the software company's stock valued at $704,419,000 after buying an additional 191,666 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. Macquarie restated an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Wells Fargo & Company dropped their price objective 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. KeyCorp dropped their price objective on shares of Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. DA Davidson lowered their target price on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Scotiabank cut their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $321.32.

Autodesk Stock Down 0.7%

NASDAQ:ADSK traded down $2.18 on Monday, hitting $295.90. 1,635,002 shares of the company's stock were exchanged, compared to its average volume of 1,622,936. The company has a market cap of $63.31 billion, a P/E ratio of 58.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The firm has a 50-day moving average price of $267.62 and a 200-day moving average price of $286.44.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.

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.