Meiji Yasuda Asset Management Co Ltd. Sells 217 Shares of Autodesk, Inc. $ADSK

Meiji Yasuda Asset Management Co Ltd. trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,505 shares of the software company’s stock after selling 217 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Autodesk were worth $918,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Strait & Sound Wealth Management LLC raised its holdings in Autodesk by 2.7% in the first quarter. Strait & Sound Wealth Management LLC now owns 1,693 shares of the software company’s stock worth $443,000 after purchasing an additional 45 shares during the period. Caxton Associates LLP bought a new position in Autodesk in the first quarter valued at $17,493,000. Voleon Capital Management LP bought a new position in Autodesk in the first quarter valued at $2,868,000. Teza Capital Management LLC bought a new position in shares of Autodesk in the 1st quarter valued at about $416,000. Finally, USS Investment Management Ltd grew its position in shares of Autodesk by 1.1% in the 1st quarter. USS Investment Management Ltd now owns 45,582 shares of the software company’s stock valued at $11,931,000 after acquiring an additional 507 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research note on Friday, May 23rd. UBS Group lifted their price target on shares of Autodesk from $370.00 to $385.00 and gave the company a “buy” rating in a report on Friday, August 29th. Bank of America boosted their target price on shares of Autodesk from $330.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Morgan Stanley boosted their target price on shares of Autodesk from $370.00 to $385.00 and gave the stock an “overweight” rating in a report on Sunday, August 31st. Finally, DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of Autodesk in a research report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $356.83.

Insider Activity at Autodesk

In related news, Director Ayanna Howard sold 3,159 shares of Autodesk stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total value of $1,026,675.00. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at $1,427,725. The trade was a 41.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares in the company, 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 can be found here. Over the last three months, insiders sold 43,860 shares of company stock valued at $14,045,061. Company insiders own 0.15% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $325.19 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $69.27 billion, a PE ratio of 67.33, a P/E/G ratio of 2.90 and a beta of 1.49. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The company has a 50-day moving average price of $299.87 and a two-hundred day moving average price of $285.89.

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.