Autodesk, Inc. $ADSK Position Lessened by American Century Companies Inc.

American Century Companies Inc. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 41.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,552 shares of the software company’s stock after selling 18,756 shares during the period. American Century Companies Inc.’s holdings in Autodesk were worth $6,951,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Ethic Inc. lifted its holdings in shares of Autodesk by 10.8% in the 1st quarter. Ethic Inc. now owns 25,058 shares of the software company’s stock worth $6,630,000 after purchasing an additional 2,446 shares during the last quarter. Martin Currie Ltd. lifted its holdings in shares of Autodesk by 30.5% in the 1st quarter. Martin Currie Ltd. now owns 236,345 shares of the software company’s stock worth $61,875,000 after purchasing an additional 55,289 shares during the last quarter. Element Capital Management LLC bought a new stake in shares of Autodesk in the 1st quarter worth approximately $2,633,000. Dimensional Fund Advisors LP lifted its holdings in shares of Autodesk by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,028,792 shares of the software company’s stock worth $269,314,000 after purchasing an additional 25,477 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of Autodesk by 137.4% in the 1st quarter. Horizon Investments LLC now owns 10,430 shares of the software company’s stock worth $2,731,000 after purchasing an additional 6,036 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In other news, EVP Rebecca Pearce sold 3,251 shares of Autodesk stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the transaction, the executive vice president directly owned 19,440 shares in the company, valued at approximately $6,123,600. This trade represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 9,391 shares of company stock worth $2,909,885. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. Barclays raised their target price on Autodesk from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. BMO Capital Markets raised their target price on Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a research report on Friday, May 23rd. Bank of America raised their target price on Autodesk from $290.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Oppenheimer restated an “outperform” rating and issued a $350.00 target price (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Macquarie restated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.04.

Autodesk Stock Up 1.2%

Shares of ADSK stock opened at $285.95 on Thursday. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $326.62. The stock has a market cap of $61.19 billion, a PE ratio of 61.23, a price-to-earnings-growth ratio of 2.72 and a beta of 1.46. The business’s fifty day moving average is $297.44 and its 200-day moving average is $284.81. 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 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.