Autodesk, Inc. (NASDAQ:ADSK) Stock Position Lessened by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.3% during the first quarter, Holdings Channel.com reports. The firm owned 95,363 shares of the software company’s stock after selling 5,324 shares during the period. Janney Montgomery Scott LLC’s holdings in Autodesk were worth $24,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ADSK. Brighton Jones LLC boosted its holdings in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Autodesk in the fourth quarter worth approximately $13,906,000. Allworth Financial LP boosted its stake in Autodesk by 10.3% during the 4th quarter. Allworth Financial LP now owns 918 shares of the software company’s stock valued at $277,000 after purchasing an additional 86 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Autodesk by 6.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,614 shares of the software company’s stock valued at $477,000 after purchasing an additional 93 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Autodesk during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.8%

NASDAQ:ADSK opened at $296.85 on Wednesday. The business’s fifty day moving average price is $284.15 and its 200 day moving average price is $285.46. The firm has a market capitalization of $63.53 billion, a price-to-earnings ratio of 63.57, a PEG ratio of 2.88 and a beta of 1.45. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62.

Insider Activity

In related news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,995 shares of company stock worth $816,082 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ADSK shares. Bank of America upped their price objective on Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. DA Davidson set a $305.00 target price on Autodesk and gave the stock a “neutral” rating in a report on Friday, May 23rd. Mizuho dropped their price target on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays raised their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. Finally, Piper Sandler boosted their target price on shares of Autodesk from $357.00 to $361.00 and gave the stock an “overweight” rating in a report on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $337.45.

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.