 Hantz Financial Services Inc. reduced its stake in  Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 22,069 shares of the software company’s stock after selling 1,231 shares during the period. Hantz Financial Services Inc.’s holdings in Autodesk were worth $6,832,000 at the end of the most recent reporting period.
Hantz Financial Services Inc. reduced its stake in  Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 22,069 shares of the software company’s stock after selling 1,231 shares during the period. Hantz Financial Services Inc.’s holdings in Autodesk were worth $6,832,000 at the end of the most recent reporting period. 
Several other large investors also recently modified their holdings of ADSK. Nuveen LLC acquired a new stake in shares of Autodesk during the first quarter valued at about $278,383,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company’s stock valued at $868,736,000 after acquiring an additional 1,016,187 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Autodesk by 336.7% during the first quarter. AQR Capital Management LLC now owns 572,701 shares of the software company’s stock valued at $147,339,000 after acquiring an additional 441,571 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Autodesk by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,454,264 shares of the software company’s stock valued at $904,326,000 after acquiring an additional 400,514 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock valued at $5,440,968,000 after acquiring an additional 397,458 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Autodesk Stock Up 1.2%
NASDAQ:ADSK opened at $300.77 on Friday. The company has a market capitalization of $64.06 billion, a price-to-earnings ratio of 62.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. Autodesk, Inc. has a one year low of $232.67 and a one year high of $329.09. The stock has a 50-day simple moving average of $312.75 and a 200 day simple moving average of $299.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.
Insider Buying and Selling
In other Autodesk news, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $325.00, for a total value of $1,026,675.00. Following the completion of the transaction, the director directly owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares of the company’s stock, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 35,386 shares of company stock valued at $11,433,201. 0.15% of the stock is currently owned by insiders.
Analysts Set New Price Targets
ADSK has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $380.00 target price on shares of Autodesk in a research note on Monday, October 6th. DA Davidson restated a “buy” rating and set a $375.00 target price on shares of Autodesk in a research note on Friday, August 29th. Barclays raised their target price on Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Wall Street Zen downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Finally, Citigroup lifted their price target on Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $359.13.
Check Out Our Latest Stock Analysis on Autodesk
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.
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