BNP Paribas Sells 65 Shares of Autodesk, Inc. (NASDAQ:ADSK)

BNP Paribas reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100 shares of the software company’s stock after selling 65 shares during the period. BNP Paribas’ holdings in Autodesk were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADSK. Principal Financial Group Inc. boosted its position in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after buying an additional 245,816 shares during the period. Central Pacific Bank Trust Division purchased a new position in Autodesk in the 4th quarter worth approximately $37,000. Nordea Investment Management AB lifted its position in Autodesk by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 17,498 shares of the software company’s stock valued at $5,199,000 after purchasing an additional 1,174 shares during the last quarter. Fortem Financial Group LLC grew its holdings in shares of Autodesk by 1.1% in the fourth quarter. Fortem Financial Group LLC now owns 7,737 shares of the software company’s stock worth $2,287,000 after purchasing an additional 81 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. increased its stake in shares of Autodesk by 4.1% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 4,534 shares of the software company’s stock worth $1,340,000 after buying an additional 178 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADSK. Macquarie reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Barclays cut their price target on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. KeyCorp decreased their price objective on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, UBS Group lifted their target price 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. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.36.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $280.07 on Tuesday. The business has a fifty day moving average price of $262.89 and a 200-day moving average price of $286.20. 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 company has a market capitalization of $59.65 billion, a PE ratio of 55.57, 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.

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.