Benjamin Edwards Inc. Sells 383 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Benjamin Edwards Inc. decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,571 shares of the software company’s stock after selling 383 shares during the period. Benjamin Edwards Inc.’s holdings in Autodesk were worth $760,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. BLI Banque de Luxembourg Investments bought a new position in shares of Autodesk in the fourth quarter valued at $11,719,000. Ameriprise Financial Inc. lifted its position in Autodesk by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,795,817 shares of the software company’s stock valued at $530,773,000 after acquiring an additional 8,962 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Autodesk by 72.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 707,586 shares of the software company’s stock worth $209,141,000 after purchasing an additional 296,758 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Autodesk by 13.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,474 shares of the software company’s stock valued at $436,000 after purchasing an additional 173 shares in the last quarter. Finally, AXA S.A. grew its position in Autodesk by 27.0% in the 4th quarter. AXA S.A. now owns 733,413 shares of the software company’s stock worth $216,775,000 after purchasing an additional 155,745 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group upped their target price on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Scotiabank lowered their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. Finally, Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $321.36.

Autodesk Stock Down 0.7 %

ADSK opened at $287.48 on Friday. 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 one year low of $195.32 and a one year high of $326.62. The firm has a market capitalization of $61.23 billion, a P/E ratio of 57.04, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company has a fifty day moving average price of $263.76 and a 200-day moving average price of $286.12.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was 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 owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. 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 bought 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction 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 $534,200. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is 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.