Aviva PLC Sells 70,666 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Aviva PLC lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 460,605 shares of the software company’s stock after selling 70,666 shares during the quarter. Aviva PLC’s holdings in Autodesk were worth $136,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ADSK. Mount Yale Investment Advisors LLC raised its stake in Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after acquiring an additional 35 shares during the period. Y.D. More Investments Ltd raised its position in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares during the period. Grove Bank & Trust lifted its stake in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares in the last quarter. Journey Strategic Wealth LLC boosted its holdings in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after buying an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after buying an additional 38 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Down 4.5 %

Shares of ADSK opened at $245.51 on Friday. The company’s fifty day simple moving average is $280.12 and its 200-day simple moving average is $288.05. The company has a market cap of $52.29 billion, a P/E ratio of 48.71, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ADSK shares. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Morgan Stanley increased their price objective on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Scotiabank reduced their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Macquarie reiterated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ? increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate 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.