Dimensional Fund Advisors LP Decreases Position in Autodesk, Inc. (NASDAQ:ADSK)

Dimensional Fund Advisors LP lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,003,315 shares of the software company’s stock after selling 47,304 shares during the period. Dimensional Fund Advisors LP’s holdings in Autodesk were worth $296,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares during the last quarter. Brookstone Capital Management raised its stake in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after acquiring an additional 26,768 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Autodesk during the fourth quarter valued at about $13,906,000. Robeco Institutional Asset Management B.V. boosted its position in Autodesk by 25.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock worth $88,711,000 after purchasing an additional 60,963 shares during the period. Finally, GAM Holding AG bought a new stake in shares of Autodesk in the fourth quarter valued at approximately $3,453,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $259.47 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $55.27 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49. The firm’s fifty day moving average is $268.04 and its 200 day moving average is $287.04. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction 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. This represents 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 bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired 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.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. KeyCorp decreased their price objective on Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Citigroup cut their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. UBS Group upped their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Oppenheimer cut their price objective on shares of Autodesk from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.59.

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.