Cooper Financial Group Grows Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Cooper Financial Group increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 12.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,154 shares of the software company’s stock after buying an additional 233 shares during the quarter. Cooper Financial Group’s holdings in Autodesk were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 20,782,919 shares of the software company’s stock worth $5,440,968,000 after buying an additional 397,458 shares in the last quarter. Ninety One UK Ltd lifted its position in Autodesk by 1.6% during the first quarter. Ninety One UK Ltd now owns 5,146,677 shares of the software company’s stock worth $1,347,400,000 after buying an additional 79,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Autodesk by 28.0% during 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 buying an additional 667,763 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Autodesk by 4.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,000,268 shares of the software company’s stock worth $785,470,000 after buying an additional 124,948 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock worth $727,933,000 after buying an additional 420,838 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and set a $350.00 price objective (up previously from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Mizuho reduced their target price on Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays lifted their target price on Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. Rosenblatt Securities restated a “buy” rating and issued a $340.00 target price on shares of Autodesk in a research report on Tuesday, May 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $342.61.

Get Our Latest Report on Autodesk

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 3,251 shares of the business’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the completion of the transaction, the executive vice president directly owned 19,440 shares of the company’s stock, valued at $6,123,600. The trade was a 14.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 9,391 shares of company stock worth $2,909,885. Insiders own 0.15% of the company’s stock.

Autodesk Trading Down 0.8%

ADSK opened at $290.68 on Monday. Autodesk, Inc. has a 12 month low of $232.67 and a 12 month high of $326.62. The stock has a market capitalization of $62.21 billion, a price-to-earnings ratio of 62.24, a PEG ratio of 2.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $300.24 and a 200 day moving average price of $286.31.

Autodesk Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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