New York State Common Retirement Fund Sells 13,482 Shares of Autodesk, Inc. (NASDAQ:ADSK)

New York State Common Retirement Fund trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 362,562 shares of the software company’s stock after selling 13,482 shares during the period. New York State Common Retirement Fund owned about 0.17% of Autodesk worth $88,277,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADSK. O Shaughnessy Asset Management LLC boosted its stake in shares of Autodesk by 86.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock valued at $1,959,000 after purchasing an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Autodesk during the 3rd quarter worth $330,000. abrdn plc raised its position in shares of Autodesk by 26.2% during the 4th quarter. abrdn plc now owns 460,759 shares of the software company’s stock valued at $112,186,000 after acquiring an additional 95,723 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Autodesk in the 4th quarter valued at $7,280,000. Finally, International Assets Investment Management LLC grew its stake in shares of Autodesk by 3,539.1% during the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock worth $55,370,000 after purchasing an additional 221,161 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ADSK. BMO Capital Markets increased their target price on Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, April 1st. Citigroup increased their target price on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Oppenheimer boosted their price target on shares of Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $316.00 price objective on shares of Autodesk in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at $898,621.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $898,621.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,166 shares of company stock worth $9,465,055. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.6 %

ADSK traded up $1.31 on Tuesday, hitting $218.44. 368,957 shares of the company were exchanged, compared to its average volume of 1,433,672. The stock’s fifty day moving average is $250.96 and its 200-day moving average is $235.48. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The company has a market cap of $46.72 billion, a PE ratio of 51.57, a PEG ratio of 2.98 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts predict that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

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.