Natixis Has $12.67 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Natixis lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 28.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,873 shares of the software company’s stock after selling 17,421 shares during the period. Natixis’ holdings in Autodesk were worth $12,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Vanguard Group Inc. grew its position in Autodesk by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after acquiring an additional 119,034 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Autodesk by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock valued at $1,391,145,000 after purchasing an additional 45,623 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after purchasing an additional 2,307,960 shares during the last quarter. Invesco Ltd. lifted its stake in Autodesk by 8.7% in the 4th quarter. Invesco Ltd. now owns 2,383,255 shares of the software company’s stock valued at $704,419,000 after purchasing an additional 191,666 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after buying an additional 245,816 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADSK shares. Robert W. Baird lowered their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Mizuho dropped their target price on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. DA Davidson cut their price target on Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, KeyCorp dropped their price objective on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a report on Wednesday. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.59.

Autodesk Price Performance

Shares of Autodesk stock opened at $259.47 on Friday. 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 $195.32 and a 52-week high of $326.62. The company has a fifty day moving average of $268.04 and a 200-day moving average of $286.91. The stock has a market capitalization of $55.27 billion, a price-to-earnings ratio of 51.48, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49.

Insiders Place Their Bets

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 value of $655,395.08. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by 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.