Blair William & Co. IL Sells 96 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Blair William & Co. IL cut its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,542 shares of the software company’s stock after selling 96 shares during the quarter. Blair William & Co. IL’s holdings in Autodesk were worth $3,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Starboard Value LP bought a new position in shares of Autodesk in the third quarter worth about $510,189,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Autodesk in the 4th quarter worth approximately $154,408,000. Raymond James Financial Inc. acquired a new position in shares of Autodesk during the fourth quarter worth approximately $116,828,000. Franklin Resources Inc. boosted its position in shares of Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after acquiring an additional 387,309 shares during the period. Finally, State Street Corp grew its stake in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.1 %

ADSK stock opened at $261.80 on Tuesday. The business has a fifty day moving average price of $283.42 and a 200 day moving average price of $288.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market capitalization of $55.76 billion, a price-to-earnings ratio of 51.94, a P/E/G ratio of 2.94 and a beta of 1.51.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Scotiabank reduced their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. UBS Group upped their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. DA Davidson lifted their price objective on Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Finally, Barclays boosted their price objective on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $336.29.

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.