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

Select Equity Group L.P. reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,774 shares of the software company's stock after selling 115,231 shares during the period. Select Equity Group L.P. owned 0.06% of Autodesk worth $36,879,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after buying an additional 5,365 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Autodesk in the 4th quarter worth approximately $13,906,000. Robeco Institutional Asset Management B.V. lifted its holdings in Autodesk by 25.5% in 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 purchasing an additional 60,963 shares in the last quarter. GAM Holding AG purchased a new position in Autodesk in the 4th quarter worth approximately $3,453,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Autodesk by 8.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company's stock worth $38,205,000 after purchasing an additional 9,877 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research analyst reports. DA Davidson lowered their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley lowered their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus lowered their price target on Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Macquarie reaffirmed an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $323.59.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The stock was 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Up 0.6%

Autodesk stock traded up $1.66 during midday trading on Thursday, reaching $294.59. The company's stock had a trading volume of 746,116 shares, compared to its average volume of 1,624,629. The stock's 50-day simple moving average is $270.25 and its 200-day simple moving average is $286.61. 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 stock has a market capitalization of $63.03 billion, a P/E ratio of 58.44, a PEG ratio of 2.94 and a beta of 1.47.

Autodesk 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.