PGGM Investments Sells 1,045 Shares of Autodesk, Inc. (NASDAQ:ADSK)

PGGM Investments lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,234 shares of the software company’s stock after selling 1,045 shares during the period. PGGM Investments’ holdings in Autodesk were worth $6,631,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Unique Wealth Strategies LLC bought a new position in Autodesk during the 4th quarter worth about $1,576,000. Raab & Moskowitz Asset Management LLC increased its holdings in Autodesk by 1.1% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 4,714 shares of the software company’s stock worth $1,148,000 after purchasing an additional 50 shares in the last quarter. Truist Financial Corp increased its holdings in Autodesk by 13.2% during the 4th quarter. Truist Financial Corp now owns 225,701 shares of the software company’s stock worth $54,954,000 after purchasing an additional 26,244 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in Autodesk during the 4th quarter worth about $243,000. Finally, Motley Fool Asset Management LLC increased its holdings in Autodesk by 4.6% during the 4th quarter. Motley Fool Asset Management LLC now owns 6,494 shares of the software company’s stock worth $1,581,000 after purchasing an additional 283 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of Autodesk stock traded up $1.53 on Friday, reaching $217.93. 1,277,888 shares of the company traded hands, compared to its average volume of 1,925,797. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. The company has a 50 day moving average of $247.53 and a 200 day moving average of $235.47. The firm has a market capitalization of $46.62 billion, a PE ratio of 51.76, a PEG ratio of 3.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp increased their price target on shares of Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Stifel Nicolaus restated a “buy” rating and issued a $316.00 target price on shares of Autodesk in a research report on Friday, April 12th. Piper Sandler Companies raised their target price on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Citigroup raised their target price on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $272.44.

Insiders Place Their Bets

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,166 shares of company stock valued at $9,465,055 in the last quarter. Insiders own 0.14% 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.