Vestor Capital LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 99.5% in the first quarter, Holdings Channel reports. The firm owned 640 shares of the software company’s stock after selling 141,195 shares during the quarter. Vestor Capital LLC’s holdings in Autodesk were worth $153,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Vanguard Group Inc. boosted its holdings in Autodesk by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,493,167 shares of the software company’s stock worth $6,362,192,000 after buying an additional 78,928 shares during the last quarter. State Street Corp grew its position in shares of Autodesk by 0.7% during the 4th quarter. State Street Corp now owns 10,157,826 shares of the software company’s stock worth $3,006,818,000 after buying an additional 70,053 shares during the period. Geode Capital Management LLC increased its stake in shares of Autodesk by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,682,041 shares of the software company’s stock valued at $1,677,404,000 after acquiring an additional 123,691 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Autodesk by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,144,627 shares of the software company’s stock valued at $752,824,000 after acquiring an additional 155,255 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $867,480,000. Institutional investors own 90.24% of the company’s stock.
Autodesk Stock Performance
Shares of ADSK opened at $234.20 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a twelve month low of $185.50 and a twelve month high of $329.09. The firm’s 50 day moving average price is $214.23 and its two-hundred day moving average price is $233.57. The firm has a market cap of $49.42 billion, a P/E ratio of 34.14, a PEG ratio of 1.45 and a beta of 1.32.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Autodesk from $355.00 to $312.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Barclays cut their target price on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price target on shares of Autodesk in a research report on Monday, June 1st. Piper Sandler decreased their price target on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, BTIG Research restated a “buy” rating and issued a $300.00 price objective on shares of Autodesk in a research report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.40.
Get Our Latest Stock Report on Autodesk
Insider Activity at Autodesk
In other news, Director Stacy J. Smith bought 3,435 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the purchase, the director directly owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 7,935 shares of company stock valued at $1,666,644. 0.14% of the stock is owned by corporate insiders.
Autodesk Profile
Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.
The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.
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