Northern Trust Corp Has $645.11 Million Holdings in Autodesk, Inc. $ADSK

Northern Trust Corp raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,464,116 shares of the software company’s stock after buying an additional 1,306 shares during the quarter. Northern Trust Corp owned about 1.15% of Autodesk worth $645,106,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADSK. SouthState Corp raised its stake in shares of Autodesk by 500.0% in the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Autodesk in the first quarter valued at $26,000. Close Asset Management Ltd acquired a new position in shares of Autodesk in the first quarter valued at $27,000. Cheviot Value Management LLC acquired a new position in shares of Autodesk in the first quarter valued at $27,000. Finally, Investment Management Corp VA ADV acquired a new position in shares of Autodesk in the fourth quarter valued at $29,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 1.0%

Shares of ADSK opened at $289.65 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $326.62. The firm has a market capitalization of $61.99 billion, a PE ratio of 62.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.46. The stock’s fifty day simple moving average is $298.81 and its 200-day simple moving average is $285.47.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of the company’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 transaction, the executive vice president owned 19,440 shares of the company’s stock, valued at $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BMO Capital Markets upped their target price on Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a research note on Friday, May 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $360.00 price target (up from $345.00) on shares of Autodesk in a research report on Friday, May 23rd. Bank of America upped their price target on Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. The Goldman Sachs Group upped their price target on Autodesk from $270.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $370.00 price target (up from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $342.61.

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.