Cape Investment Advisory Inc. Decreases Holdings in Autodesk, Inc. $ADSK

Cape Investment Advisory Inc. lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,274 shares of the software company’s stock after selling 139 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Autodesk were worth $857,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ADSK. GAMMA Investing LLC increased its holdings in Autodesk by 27,505.2% during the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company’s stock worth $384,985,000 after buying an additional 1,465,204 shares during the last quarter. Nuveen LLC purchased a new position in shares of Autodesk in the first quarter worth about $278,383,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Autodesk by 44.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock worth $868,736,000 after purchasing an additional 1,016,187 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock worth $652,127,000 after purchasing an additional 670,699 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Autodesk by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock worth $902,597,000 after purchasing an additional 667,763 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 2.0%

Shares of NASDAQ ADSK opened at $326.37 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. Autodesk, Inc. has a 52 week low of $232.67 and a 52 week high of $326.85. The firm’s fifty day moving average is $299.25 and its 200 day moving average is $285.36. The company has a market cap of $69.52 billion, a price-to-earnings ratio of 67.57, a PEG ratio of 2.89 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ADSK shares. Citigroup lifted their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Berenberg Bank set a $370.00 target price on shares of Autodesk in a research note on Monday, September 1st. Stifel Nicolaus lifted their target price on shares of Autodesk from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Robert W. Baird boosted their price objective on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Piper Sandler boosted their price objective on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $356.83.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $1,427,725. The trade was a 41.83% 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, EVP Ruth Ann Keene sold 2,761 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,440 shares of company stock valued at $6,786,586. 0.15% of the stock is currently owned by company insiders.

Autodesk Company 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.