First Trust Advisors LP cut its position in Autodesk Inc. (NASDAQ:ADSK) by 36.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,088 shares of the software company’s stock after selling 109,526 shares during the period. First Trust Advisors LP owned 0.09% of Autodesk worth $14,111,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in ADSK. Howard Hughes Medical Institute purchased a new stake in shares of Autodesk during the second quarter worth approximately $113,000. Bessemer Group Inc. increased its stake in shares of Autodesk by 1,177.2% in the second quarter. Bessemer Group Inc. now owns 2,350 shares of the software company’s stock worth $127,000 after buying an additional 2,166 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Autodesk by 27.9% in the second quarter. Meeder Asset Management Inc. now owns 2,396 shares of the software company’s stock worth $130,000 after buying an additional 522 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of Autodesk by 71.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,761 shares of the software company’s stock worth $149,000 after buying an additional 1,154 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Autodesk by 12.4% in the second quarter. Creative Planning now owns 3,093 shares of the software company’s stock worth $167,000 after buying an additional 341 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Autodesk Inc. (NASDAQ:ADSK) traded up 0.63% on Tuesday, reaching $75.65. The company’s stock had a trading volume of 887,369 shares. The company’s market cap is $16.79 billion. The stock’s 50 day moving average price is $72.33 and its 200 day moving average price is $64.22. Autodesk Inc. has a 12 month low of $41.60 and a 12 month high of $78.58.

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A number of analysts have commented on ADSK shares. Evercore ISI started coverage on Autodesk in a research report on Wednesday, September 14th. They issued a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research upgraded Autodesk from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, October 4th. Canaccord Genuity raised their price objective on Autodesk from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, August 26th. Citigroup Inc. set a $65.00 target price on Autodesk and gave the stock a “hold” rating in a report on Sunday, August 28th. Finally, Wedbush started coverage on Autodesk in a report on Friday, September 9th. They issued a “neutral” rating and a $60.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $68.42.

In other news, Director Crawford W. Beveridge sold 7,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $67.58, for a total transaction of $473,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 1,500 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $68.91, for a total transaction of $103,365.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.

5 Day Chart for NASDAQ:ADSK

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