Autodesk, Inc. (NASDAQ:ADSK) Position Decreased by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,449 shares of the software company’s stock after selling 382 shares during the quarter. Autodesk makes up about 2.5% of Wisconsin Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Wisconsin Capital Management LLC’s holdings in Autodesk were worth $4,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADSK. Principal Financial Group Inc. increased its holdings in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after buying an additional 245,816 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Autodesk by 14.7% during the third quarter. Public Sector Pension Investment Board now owns 9,388 shares of the software company’s stock worth $2,586,000 after purchasing an additional 1,200 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Autodesk by 7.9% during the third quarter. Rockefeller Capital Management L.P. now owns 25,957 shares of the software company’s stock worth $7,145,000 after purchasing an additional 1,891 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Autodesk during the third quarter valued at $371,000. Finally, Paloma Partners Management Co boosted its position in shares of Autodesk by 244.6% in the 3rd quarter. Paloma Partners Management Co now owns 5,500 shares of the software company’s stock valued at $1,515,000 after purchasing an additional 3,904 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. DA Davidson upped their price target on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. KeyCorp lifted their price objective on shares of Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Barclays increased their target price on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Robert W. Baird lowered their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Autodesk Stock Performance

ADSK opened at $264.61 on Wednesday. The stock has a 50-day moving average of $282.77 and a 200-day moving average of $288.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a market cap of $56.36 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Insiders Place Their Bets

In other news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

About Autodesk

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.