Autodesk, Inc. $ADSK Shares Sold by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,060 shares of the software company’s stock after selling 1,000 shares during the period. Osterweis Capital Management Inc.’s holdings in Autodesk were worth $3,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. SouthState Corp lifted its position in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new position in Autodesk during the first quarter valued at approximately $26,000. Close Asset Management Ltd acquired a new position in Autodesk during the first quarter valued at approximately $27,000. Cheviot Value Management LLC acquired a new position in Autodesk during the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new position in Autodesk during the first quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Up 0.2%

Shares of NASDAQ:ADSK opened at $324.52 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $300.31 and a 200 day simple moving average of $286.42. The firm has a market cap of $69.12 billion, a PE ratio of 67.19, a price-to-earnings-growth ratio of 2.87 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of Autodesk from $370.00 to $385.00 and gave the company an “overweight” rating in a research report on Sunday, August 31st. Piper Sandler boosted their target price on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Robert W. Baird boosted their target price on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Citigroup boosted their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Finally, BMO Capital Markets boosted their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a “market perform” rating in a research report on Friday, May 23rd. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $356.83.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of Autodesk stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the completion of the sale, the executive vice president owned 13,311 shares in the company, valued at approximately $4,300,251.66. The trade was a 31.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,860 shares of company stock worth $14,045,061 in the last ninety days. 0.15% of the stock is currently owned by corporate 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.