Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241 shares of the software company’s stock after selling 47 shares during the period. GHP Investment Advisors Inc.’s holdings in Autodesk were worth $63,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new stake in Autodesk during the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk during the 4th quarter valued at $30,000. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. Hurley Capital LLC acquired a new stake in Autodesk during the 4th quarter valued at $44,000. Finally, CoreCap Advisors LLC grew its holdings in Autodesk by 212.0% during the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company’s stock valued at $46,000 after purchasing an additional 106 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In related 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 value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rebecca Pearce sold 486 shares of Autodesk stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the completion of the sale, the executive vice president now owns 28,345 shares in the company, valued at approximately $8,503,500. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,539 shares of company stock worth $1,592,002 in the last ninety days. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADSK. Stifel Nicolaus raised their price target on shares of Autodesk from $310.00 to $350.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $340.00 price target on shares of Autodesk in a report on Tuesday, May 20th. Macquarie reiterated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Barclays increased their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. Finally, Citigroup increased their price objective on shares of Autodesk from $374.00 to $376.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $337.45.

Autodesk Trading Down 0.6%

Autodesk stock opened at $302.37 on Thursday. The firm’s 50-day moving average is $288.75 and its 200-day moving average is $285.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The company has a market cap of $64.71 billion, a P/E ratio of 64.75, a PEG ratio of 2.93 and a beta of 1.45.

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.