Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 9.6% during the 4th quarter, Holdings Channel reports. The firm owned 64,262 shares of the software company’s stock after buying an additional 5,626 shares during the quarter. Cetera Investment Advisers’ holdings in Autodesk were worth $18,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Norges Bank acquired a new position in shares of Autodesk during the 4th quarter worth about $632,566,000. Franklin Resources Inc. lifted its stake in Autodesk by 45.1% in the 4th quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company’s stock valued at $621,535,000 after buying an additional 653,868 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Autodesk in the 4th quarter worth about $154,408,000. Finally, Northern Trust Corp increased its stake in Autodesk by 20.6% during the 4th quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock worth $727,933,000 after buying an additional 420,838 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ ADSK opened at $289.62 on Friday. 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 cap of $61.69 billion, a P/E ratio of 57.46, a P/E/G ratio of 2.94 and a beta of 1.47. The stock has a 50-day moving average of $263.36 and a two-hundred day moving average of $286.13. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Insider Activity at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADSK. Citigroup decreased their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. KeyCorp decreased their price target on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. UBS Group upped their price objective 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. Macquarie reiterated an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Finally, Scotiabank cut their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $321.36.

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.