Northern Trust Corp Has $727.93 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Northern Trust Corp boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,462,810 shares of the software company’s stock after buying an additional 420,838 shares during the period. Northern Trust Corp’s holdings in Autodesk were worth $727,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Quarry LP raised its position in Autodesk by 106.3% during the fourth quarter. Quarry LP now owns 229 shares of the software company’s stock valued at $68,000 after buying an additional 118 shares during the period. Johnson Financial Group Inc. increased its position in Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company’s stock worth $56,000 after purchasing an additional 42 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Autodesk in the 4th quarter worth about $26,164,000. DE Burlo Group Inc. increased its position in Autodesk by 11.7% in the 4th quarter. DE Burlo Group Inc. now owns 120,740 shares of the software company’s stock worth $35,687,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Virtus ETF Advisers LLC increased its position in Autodesk by 9.4% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,020 shares of the software company’s stock worth $1,188,000 after purchasing an additional 344 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on ADSK shares. Bank of America upped their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Barclays dropped their target price on Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Macquarie reaffirmed an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Autodesk from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $321.36.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $271.47 on Tuesday. The business has a 50 day moving average price of $263.89 and a 200 day moving average price of $286.65. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a market cap of $57.82 billion, a price-to-earnings ratio of 53.86, a PEG ratio of 2.94 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.