Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,475 shares of the software company’s stock after selling 100,978 shares during the quarter. Prudential Financial Inc. owned 0.15% of Autodesk worth $93,836,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Starboard Value LP purchased a new position in Autodesk during the third quarter worth approximately $510,189,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Autodesk during the 4th quarter worth approximately $154,408,000. Raymond James Financial Inc. acquired a new position in shares of Autodesk during the 4th quarter worth approximately $116,828,000. Franklin Resources Inc. lifted its position in shares of Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after buying an additional 387,309 shares in the last quarter. Finally, State Street Corp grew its stake in Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ADSK shares. DA Davidson upped their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Citigroup lowered their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

Insider Transactions at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.7 %

Shares of Autodesk stock opened at $269.19 on Tuesday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $57.34 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 2.94 and a beta of 1.51. The stock has a 50 day moving average of $285.68 and a 200 day moving average of $288.17.

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.