Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,710 shares of the software company’s stock after selling 57 shares during the quarter. Arizona State Retirement System’s holdings in Autodesk were worth $18,240,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADSK. Starboard Value LP acquired a new position in shares of Autodesk during the third quarter valued at about $510,189,000. Massachusetts Financial Services Co. MA increased its holdings in Autodesk by 394.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after buying an additional 452,728 shares during the period. Franklin Resources Inc. increased its holdings in Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares during the period. State Street Corp increased its holdings in Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Autodesk by 12.6% in the 3rd 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 period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 0.1 %

Shares of NASDAQ:ADSK opened at $267.24 on Thursday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The firm has a market capitalization of $57.46 billion, a price-to-earnings ratio of 53.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. 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’s 50 day moving average price is $294.76 and its 200-day moving average price is $287.56.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. DA Davidson increased their price target on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Robert W. Baird cut their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $338.43.

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.