Kintegral Advisory LLC Sells 4,538 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Kintegral Advisory LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 32.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 9,252 shares of the software company’s stock after selling 4,538 shares during the quarter. Kintegral Advisory LLC’s holdings in Autodesk were worth $2,422,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC grew its stake in shares of Autodesk by 30.9% during the 1st quarter. Catalyst Capital Advisors LLC now owns 694 shares of the software company’s stock worth $182,000 after acquiring an additional 164 shares in the last quarter. Pacific Heights Asset Management LLC lifted its position in shares of Autodesk by 1.7% in the first quarter. Pacific Heights Asset Management LLC now owns 59,000 shares of the software company’s stock worth $15,446,000 after purchasing an additional 1,000 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Autodesk by 11.3% during the first quarter. IFM Investors Pty Ltd now owns 46,675 shares of the software company’s stock worth $12,858,000 after purchasing an additional 4,750 shares during the last quarter. GF Fund Management CO. LTD. grew its position in Autodesk by 1.9% in the first quarter. GF Fund Management CO. LTD. now owns 41,530 shares of the software company’s stock valued at $10,873,000 after purchasing an additional 783 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in Autodesk by 1.1% in the first quarter. Calamos Advisors LLC now owns 45,021 shares of the software company’s stock valued at $11,786,000 after purchasing an additional 501 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $350.00 target price (up previously from $323.00) on shares of Autodesk in a research report on Friday, May 23rd. Wells Fargo & Company reissued an “overweight” rating and set a $360.00 price target (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Mizuho decreased their price target on Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, BMO Capital Markets upped their price objective on Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $340.45.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the transaction, the executive vice president owned 19,440 shares of the company’s stock, valued at approximately $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 in the last three months. Insiders own 0.15% of the company’s stock.

Autodesk Stock Up 1.7%

Shares of ADSK opened at $315.76 on Friday. The firm has a market cap of $67.57 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 2.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52 week low of $223.03 and a 52 week high of $326.62. The firm’s 50-day simple moving average is $294.48 and its 200 day simple moving average is $285.58.

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.