Sabal Trust CO Sells 5,008 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Sabal Trust CO trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 45.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,086 shares of the software company’s stock after selling 5,008 shares during the quarter. Sabal Trust CO’s holdings in Autodesk were worth $1,593,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Sowell Financial Services LLC bought a new position in Autodesk in the 1st quarter valued at $324,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Autodesk by 27.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,826 shares of the software company’s stock worth $11,212,000 after buying an additional 9,222 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Autodesk by 4.8% in the fourth quarter. Captrust Financial Advisors now owns 226,395 shares of the software company’s stock worth $66,916,000 after buying an additional 10,468 shares in the last quarter. Grandfield & Dodd LLC boosted its stake in Autodesk by 0.6% during the fourth quarter. Grandfield & Dodd LLC now owns 143,689 shares of the software company’s stock valued at $42,470,000 after buying an additional 881 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Autodesk by 7.6% during the first quarter. Assenagon Asset Management S.A. now owns 17,942 shares of the software company’s stock worth $4,697,000 after buying an additional 1,266 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADSK shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $345.00 price target (up previously from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. DA Davidson set a $305.00 target price on shares of Autodesk and gave the company a “neutral” rating in a research report on Friday, May 23rd. Mizuho cut their price target on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Barclays raised their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $360.00 target price (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $337.45.

Autodesk Trading Down 0.6%

Shares of ADSK stock opened at $302.37 on Thursday. The business has a 50-day moving average of $288.75 and a 200 day moving average of $285.44. 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 1-year low of $223.03 and a 1-year high of $326.62. The stock has a market capitalization of $64.71 billion, a PE ratio of 64.75, a P/E/G ratio of 2.93 and a beta of 1.45.

Insider Buying and Selling 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 transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 486 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the transaction, the executive vice president now directly owns 28,345 shares of the company’s stock, valued at approximately $8,503,500. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,539 shares of company stock worth $1,592,002. 0.15% of the stock is currently owned by insiders.

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.