Wells Fargo & Company MN Has $134.17 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Wells Fargo & Company MN lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 453,942 shares of the software company’s stock after selling 49,393 shares during the period. Wells Fargo & Company MN owned 0.21% of Autodesk worth $134,172,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new position in shares of Autodesk during the fourth quarter worth $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the 4th quarter valued at about $30,000. Addison Advisors LLC increased its stake in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the fourth quarter worth about $37,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ADSK. Barclays increased their target price on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a report on Tuesday, February 25th. UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Macquarie reissued an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $245.51 on Monday. 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’s 50-day simple moving average is $280.12 and its 200 day simple moving average is $288.37. The stock has a market cap of $52.29 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The stock was purchased at an average cost 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 in the company, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

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.