Nilsine Partners LLC Lowers Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Nilsine Partners LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,633 shares of the software company’s stock after selling 85 shares during the period. Nilsine Partners LLC’s holdings in Autodesk were worth $1,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. increased its position in Autodesk by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company’s stock valued at $320,000 after acquiring an additional 39 shares during the period. GPS Wealth Strategies Group LLC increased its position in Autodesk by 30.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock valued at $46,000 after acquiring an additional 41 shares during the period. EverSource Wealth Advisors LLC increased its position in Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company’s stock valued at $149,000 after acquiring an additional 42 shares during the period. FineMark National Bank & Trust increased its position in Autodesk by 1.3% in the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company’s stock valued at $998,000 after acquiring an additional 42 shares during the period. Finally, Johnson Financial Group Inc. increased its position in Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company’s stock valued at $56,000 after acquiring an additional 42 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $350.00 price target (up previously from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Bank of America increased their target price on Autodesk from $290.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $360.00 price target (up from $345.00) on shares of Autodesk in a report on Friday, May 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Macquarie reissued an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a report 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 MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $337.45.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rebecca Pearce sold 486 shares of Autodesk stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $300.00, for a total transaction of $145,800.00. Following the sale, the executive vice president now owns 28,345 shares of the company’s stock, valued at approximately $8,503,500. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,995 shares of company stock worth $816,082. 0.15% of the stock is owned by corporate insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $297.21 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $286.32 and a two-hundred day moving average price of $285.38. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62. The company has a market capitalization of $63.60 billion, a P/E ratio of 63.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.45.

Autodesk Company Profile

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.