Autodesk, Inc. $ADSK Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 27,000 shares of the software company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Autodesk were worth $8,358,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ADSK. OMNI 360 Wealth Inc. acquired a new position in shares of Autodesk in the 2nd quarter worth approximately $359,000. E. Ohman J or Asset Management AB boosted its holdings in Autodesk by 1.8% during the second quarter. E. Ohman J or Asset Management AB now owns 127,126 shares of the software company’s stock worth $39,354,000 after buying an additional 2,276 shares in the last quarter. Spire Wealth Management boosted its holdings in Autodesk by 2.5% during the first quarter. Spire Wealth Management now owns 2,075 shares of the software company’s stock worth $543,000 after buying an additional 50 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Autodesk during the 1st quarter valued at $324,000. Finally, GK Wealth Management LLC acquired a new stake in shares of Autodesk during the 2nd quarter valued at $348,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 2.9%

ADSK opened at $314.19 on Wednesday. The business has a 50-day moving average of $307.90 and a 200-day moving average of $293.57. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The company has a market capitalization of $66.92 billion, a PE ratio of 65.05, a price-to-earnings-growth ratio of 2.87 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.76.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADSK. KeyCorp boosted their target price on Autodesk from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Loop Capital started coverage on Autodesk in a research note on Monday, July 21st. They issued a “hold” rating and a $320.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $380.00 price target on shares of Autodesk in a research note on Monday. Citigroup raised their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Finally, Mizuho raised their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $359.13.

Insider Buying and Selling at Autodesk

In related news, EVP Steven M. Blum sold 22,420 shares of Autodesk stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total value of $7,258,475.00. Following the completion of the sale, the executive vice president owned 13,099 shares of the company’s stock, valued at approximately $4,240,801.25. The trade was a 63.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ayanna Howard sold 917 shares of Autodesk stock in a transaction on Monday, September 29th. The shares were sold at an average price of $325.00, for a total transaction of $298,025.00. Following the completion of the sale, the director directly owned 3,476 shares of the company’s stock, valued at approximately $1,129,700. The trade was a 20.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by insiders.

Autodesk Company 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.