Baldwin Investment Management LLC Sells 610 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Baldwin Investment Management LLC decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,969 shares of the software company’s stock after selling 610 shares during the period. Baldwin Investment Management LLC’s holdings in Autodesk were worth $777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Investment Management Corp VA ADV bought a new stake in shares of Autodesk in the 4th quarter valued at $29,000. Close Asset Management Ltd bought a new stake in shares of Autodesk in the 1st quarter valued at $27,000. Abound Financial LLC bought a new stake in shares of Autodesk in the 1st quarter valued at $35,000. Hurley Capital LLC bought a new stake in shares of Autodesk in the 4th quarter valued at $44,000. Finally, CoreCap Advisors LLC increased its position in shares of Autodesk by 212.0% in the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company’s stock valued at $46,000 after buying an additional 106 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ADSK shares. Citigroup upped their price objective on shares of Autodesk from $374.00 to $376.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Barclays upped their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. DA Davidson upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, July 22nd. Oppenheimer reiterated an “outperform” rating and set a $350.00 target price (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, Stifel Nicolaus increased their target price on Autodesk from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $342.61.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $304.47 on Tuesday. The company’s 50 day simple moving average is $299.46 and its 200 day simple moving average is $285.82. The stock has a market capitalization of $65.16 billion, a price-to-earnings ratio of 65.20, a price-to-earnings-growth ratio of 2.92 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total value of $1,024,065.00. Following the sale, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 9,391 shares of company stock valued at $2,909,885 in the last quarter. Company insiders own 0.15% of the company’s stock.

Autodesk 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.