Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Hickory Asset Management Inc.

Hickory Asset Management Inc. reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.1% in the first quarter, HoldingsChannel.com reports. The fund owned 1,892 shares of the software company’s stock after selling 145 shares during the quarter. Hickory Asset Management Inc.’s holdings in Autodesk were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Vanguard Group Inc. boosted its position in shares of Autodesk by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock worth $6,025,331,000 after buying an additional 119,034 shares during the period. Geode Capital Management LLC boosted its position in shares of Autodesk by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after buying an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $902,597,000 after buying an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock worth $849,858,000 after buying an additional 2,307,960 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Autodesk by 20.6% during the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock worth $727,933,000 after buying an additional 420,838 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho reduced their price objective on Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Oppenheimer reissued an “outperform” rating and set a $350.00 target price (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Citigroup boosted their target price on Autodesk from $374.00 to $376.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. UBS Group boosted their target price on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, DA Davidson set a $305.00 target price on Autodesk and gave the stock a “neutral” rating in a report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $337.45.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction on 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 owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $292.16 on Friday. The company’s fifty day moving average is $282.27 and its two-hundred day moving average is $285.41. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $222.37 and a 12-month high of $326.62. The company has a market cap of $62.52 billion, a P/E ratio of 57.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45.

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.