Nia Impact Advisors LLC Sells 310 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Nia Impact Advisors LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,795 shares of the software company’s stock after selling 310 shares during the period. Nia Impact Advisors LLC’s holdings in Autodesk were worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after acquiring an additional 2,307,960 shares in the last quarter. Norges Bank acquired a new position in shares of Autodesk in the fourth quarter valued at about $632,566,000. Farallon Capital Management LLC acquired a new position in shares of Autodesk in the fourth quarter valued at about $544,381,000. Janus Henderson Group PLC grew its stake in shares of Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock valued at $652,127,000 after acquiring an additional 670,699 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Autodesk by 45.1% in the fourth quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company’s stock valued at $621,535,000 after acquiring an additional 653,868 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 1.3%

ADSK opened at $297.01 on Wednesday. The company’s 50 day moving average is $265.01 and its 200-day moving average is $286.25. The company has a market cap of $63.54 billion, a P/E ratio of 58.93, a PEG ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, 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 owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on ADSK shares. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Macquarie reiterated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. DA Davidson reduced their price objective on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, KeyCorp reduced their price objective on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $321.36.

About Autodesk

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.