Bfsg LLC Lowers Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Bfsg LLC lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 32.9% during the first quarter, HoldingsChannel.com reports. The firm owned 100 shares of the software company’s stock after selling 49 shares during the period. Bfsg LLC’s holdings in Autodesk were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after purchasing an additional 119,034 shares in the last quarter. Geode Capital Management LLC lifted its stake in Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock valued at $1,391,145,000 after buying an additional 45,623 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Autodesk by 28.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock valued at $902,597,000 after buying an additional 667,763 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after buying an additional 2,307,960 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock valued at $727,933,000 after acquiring an additional 420,838 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, 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 sale, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 486 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the sale, the executive vice president now directly owns 28,345 shares in the company, valued at $8,503,500. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,995 shares of company stock worth $816,082 over the last quarter. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research reports. DA Davidson set a $305.00 target price on Autodesk and gave the company a “neutral” rating in a research report on Friday, May 23rd. Stifel Nicolaus raised their price objective on Autodesk from $310.00 to $350.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Citigroup raised their price objective on Autodesk from $374.00 to $376.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Scotiabank decreased their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Finally, Barclays raised their price target on shares of Autodesk from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. Eight research 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, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $337.45.

Autodesk Price Performance

NASDAQ:ADSK opened at $295.19 on Thursday. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week 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. The company has a market capitalization of $63.17 billion, a P/E ratio of 63.21, a P/E/G ratio of 2.86 and a beta of 1.45. The stock’s fifty day moving average is $284.78 and its two-hundred day moving average is $285.53.

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.