Teachers Retirement System of The State of Kentucky Sells 187 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Teachers Retirement System of The State of Kentucky lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,954 shares of the software company’s stock after selling 187 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Autodesk were worth $4,715,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk in the fourth quarter worth $25,000. Tradewinds Capital Management LLC boosted its position in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Autodesk during the 4th quarter worth $30,000. Addison Advisors LLC increased its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Autodesk in the fourth quarter valued at about $37,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 2.7 %

Autodesk stock opened at $261.14 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $55.62 billion, a PE ratio of 51.81, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The business has a 50 day simple moving average of $266.34 and a 200-day simple moving average of $286.75. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Insider Buying and Selling

In related news, Director John T. Cahill bought 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value 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 approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the firm’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 in the company, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Oppenheimer cut their price objective on shares of Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Barclays cut their price target on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. DA Davidson lowered their price objective on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus cut their target price on Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Wells Fargo & Company dropped their price target on Autodesk from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.36.

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.