Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Select Equity Group L.P.

Select Equity Group L.P. reduced its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,774 shares of the software company's stock after selling 115,231 shares during the period. Select Equity Group L.P. owned approximately 0.06% of Autodesk worth $36,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ADSK. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC lifted 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 worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Autodesk in the 4th quarter worth approximately $30,000. Addison Advisors LLC lifted its position in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after buying an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $39,000. Institutional investors own 90.24% of the company's stock.

Insider Activity at Autodesk

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

Autodesk Stock Down 0.0%

Autodesk stock traded down $0.06 during midday trading on Tuesday, reaching $295.84. The company's stock had a trading volume of 1,388,214 shares, compared to its average volume of 1,624,307. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock's 50-day simple moving average is $268.50 and its 200-day simple moving average is $286.50. The stock has a market capitalization of $63.29 billion, a P/E ratio of 58.70, a PEG ratio of 2.94 and a beta of 1.47. 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 research firms recently commented on ADSK. Wells Fargo & Company decreased their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Barclays decreased their target price on Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. KeyCorp decreased their target price on Autodesk from $335.00 to $323.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Mizuho decreased their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $323.59.

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.