Mutual of America Capital Management LLC Sells 753 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mutual of America Capital Management LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the software company’s stock after selling 753 shares during the period. Mutual of America Capital Management LLC’s holdings in Autodesk were worth $6,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farallon Capital Management LLC acquired a new position in Autodesk during the 4th quarter valued at approximately $544,381,000. GAMMA Investing LLC boosted its holdings in Autodesk by 27,505.2% during the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company’s stock worth $384,985,000 after buying an additional 1,465,204 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Autodesk by 43.7% during the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock valued at $652,127,000 after purchasing an additional 670,699 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Autodesk by 28.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock valued at $902,597,000 after purchasing an additional 667,763 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Autodesk during the fourth quarter valued at $148,299,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 4.0%

Shares of NASDAQ:ADSK opened at $292.99 on Friday. Autodesk, Inc. has a 52-week low of $232.67 and a 52-week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $62.70 billion, a price-to-earnings ratio of 62.74, a price-to-earnings-growth ratio of 2.94 and a beta of 1.46. The company has a 50 day moving average of $300.34 and a two-hundred day moving average of $286.56.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. DA Davidson upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, July 22nd. Citigroup raised their price objective on shares of Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Macquarie restated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, July 11th. Barclays lifted their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 23rd. Finally, KeyCorp restated an “overweight” rating and issued a $350.00 price objective (up previously from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $342.61.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction 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 completion of the transaction, the executive vice president owned 19,440 shares of the company’s stock, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 9,391 shares of company stock worth $2,909,885 over the last three months. 0.15% of the stock is currently owned by company insiders.

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.