Mutual of America Capital Management LLC lowered its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,524 shares of the software company’s stock after selling 453 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Autodesk were worth $7,307,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Avantax Advisory Services Inc. increased its holdings in shares of Autodesk by 9.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,417 shares of the software company’s stock worth $369,000 after buying an additional 122 shares during the last quarter. Acadian Asset Management LLC increased its stake in Autodesk by 2.9% during the first quarter. Acadian Asset Management LLC now owns 5,703 shares of the software company’s stock worth $1,482,000 after acquiring an additional 161 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Autodesk by 57.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock valued at $4,335,000 after purchasing an additional 6,044 shares during the period. Bessemer Group Inc. lifted its stake in shares of Autodesk by 29.3% in the 1st quarter. Bessemer Group Inc. now owns 15,377 shares of the software company’s stock valued at $4,004,000 after purchasing an additional 3,485 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in shares of Autodesk by 60.3% during the 1st quarter. Lake Street Advisors Group LLC now owns 2,145 shares of the software company’s stock worth $559,000 after purchasing an additional 807 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Autodesk Stock Up 1.0 %
Shares of NASDAQ ADSK opened at $302.05 on Tuesday. The business has a 50-day moving average of $282.25 and a two-hundred day moving average of $252.44. The company has a market capitalization of $64.94 billion, a price-to-earnings ratio of 61.77, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ADSK shares. Wells Fargo & Company started coverage on shares of Autodesk in a report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective on the stock. Royal Bank of Canada upped their price objective on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Piper Sandler upped their price target on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $301.19.
Read Our Latest Stock Report on Autodesk
Insider Activity
In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now owns 31,349 shares in the company, valued at $8,323,159.50. This represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,280 shares of company stock worth $5,232,213. Corporate insiders own 0.14% of the company’s stock.
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.
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