Nuveen Asset Management LLC Sells 29,371 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Nuveen Asset Management LLC lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,047,882 shares of the software company’s stock after selling 29,371 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.49% of Autodesk worth $309,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Golden State Wealth Management LLC bought a new position in Autodesk in the 4th quarter worth $25,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in Autodesk in the fourth quarter worth about $30,000. Addison Advisors LLC raised its stake in 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 bought a new position in Autodesk in the fourth quarter worth about $39,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $295.54 on Thursday. The company has a market capitalization of $63.23 billion, a P/E ratio of 58.64, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The firm has a 50 day moving average of $265.73 and a 200 day moving average of $286.31. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred 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 completion of the acquisition, 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. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADSK. Bank of America increased 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. Stifel Nicolaus decreased their price objective on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Robert W. Baird decreased their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Finally, Scotiabank decreased their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $321.36.

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.