Cetera Investment Advisers Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Cetera Investment Advisers grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,262 shares of the software company’s stock after acquiring an additional 5,626 shares during the period. Cetera Investment Advisers’ holdings in Autodesk were worth $18,994,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after acquiring an additional 245,816 shares during the period. Nordea Investment Management AB lifted its position in shares of Autodesk by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 17,498 shares of the software company’s stock worth $5,199,000 after purchasing an additional 1,174 shares during the period. Fulton Bank N.A. bought a new position in shares of Autodesk during the fourth quarter valued at approximately $211,000. Baker Tilly Wealth Management LLC increased its holdings in Autodesk by 2.4% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 4,844 shares of the software company’s stock valued at $1,432,000 after buying an additional 112 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Autodesk by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,045 shares of the software company’s stock worth $4,696,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were purchased 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 of the company’s stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $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 insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ADSK shares. DA Davidson cut 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. Robert W. Baird reduced their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday, February 28th. UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Stifel Nicolaus reduced their price objective on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Mizuho lowered their target price on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $321.36.

Autodesk Trading Up 2.2 %

Shares of Autodesk stock opened at $289.62 on Friday. The stock has a market cap of $61.69 billion, a PE ratio of 57.46, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The firm has a fifty day moving average price of $263.36 and a 200 day moving average price of $286.13. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. 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 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.