Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 53.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,839 shares of the software company’s stock after selling 8,938 shares during the period. Bessemer Group Inc.’s holdings in Autodesk were worth $2,052,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADSK. Massachusetts Financial Services Co. MA boosted its stake 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 buying an additional 2,307,960 shares in the last quarter. Norges Bank acquired a new stake in Autodesk in the 4th quarter valued at about $632,566,000. Farallon Capital Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at about $544,381,000. GAMMA Investing LLC grew its stake in shares of Autodesk by 27,505.2% in the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company’s stock worth $384,985,000 after purchasing an additional 1,465,204 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Autodesk by 43.7% in the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock worth $652,127,000 after purchasing an additional 670,699 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.1%

ADSK opened at $305.13 on Friday. The company has a market capitalization of $65.30 billion, a PE ratio of 65.34, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. 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 fifty-two week low of $223.03 and a fifty-two week high of $326.62. The business has a 50-day moving average of $290.57 and a 200-day moving average of $285.27.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADSK. Citigroup raised their target price on shares of Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Barclays raised their price objective on Autodesk from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. DA Davidson set a $305.00 target price on Autodesk and gave the stock a “neutral” rating in a report on Friday, May 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $350.00 target price (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, BMO Capital Markets increased their price target on Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $340.45.

Insiders Place Their Bets

In related news, EVP Rebecca Pearce sold 2,544 shares of the firm’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $305.00, for a total value of $775,920.00. Following the transaction, the executive vice president now directly owns 25,801 shares in the company, valued at approximately $7,869,305. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 3,087 shares of company stock valued at $936,607 over the last quarter. 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.