Teachers Retirement System of The State of Kentucky decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 7.6% during the fourth quarter, Holdings Channel reports. The fund owned 18,300 shares of the software company’s stock after selling 1,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Autodesk were worth $5,588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ADSK. Norges Bank bought a new position in Autodesk in the fourth quarter valued at about $1,054,698,000. Ninety One UK Ltd lifted its holdings in Autodesk by 1,372.7% in the fourth quarter. Ninety One UK Ltd now owns 1,004,042 shares of the software company’s stock valued at $306,574,000 after acquiring an additional 935,865 shares during the period. Bessemer Group Inc. increased its position in Autodesk by 11,841.5% in the fourth quarter. Bessemer Group Inc. now owns 452,942 shares of the software company’s stock worth $138,301,000 after buying an additional 449,149 shares in the last quarter. Brown Advisory Inc. increased its position in Autodesk by 7.0% in the fourth quarter. Brown Advisory Inc. now owns 4,199,915 shares of the software company’s stock worth $1,282,403,000 after buying an additional 276,371 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Autodesk by 471,970.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 188,828 shares of the software company’s stock worth $57,657,000 after buying an additional 188,788 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

NASDAQ:ADSK opened at $286.12 on Thursday. The firm has a market capitalization of $62.83 billion, a price-to-earnings ratio of 149.02, a PEG ratio of 3.64 and a beta of 1.44. Autodesk, Inc. has a 1 year low of $149.46 and a 1 year high of $321.13. The business has a 50 day simple moving average of $276.94 and a 200-day simple moving average of $274.24. The company has a debt-to-equity ratio of 23.62, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Wednesday, February 24th. The software company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.11. Autodesk had a negative return on equity of 1,423.72% and a net margin of 11.74%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. As a group, analysts expect that Autodesk, Inc. will post 2.42 earnings per share for the current fiscal year.

ADSK has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Autodesk in a research report on Thursday, January 21st. They issued a “sell” rating and a $270.00 price target for the company. KeyCorp upped their price target on Autodesk from $310.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 5th. They noted that the move was a valuation call. Zacks Investment Research cut Autodesk from a “hold” rating to a “strong sell” rating and set a $229.00 target price for the company. in a research report on Thursday, March 4th. Robert W. Baird increased their target price on Autodesk from $342.00 to $360.00 in a research report on Wednesday, February 17th. Finally, Barclays increased their target price on Autodesk from $324.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, February 26th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $287.17.

In related news, CRO Steven M. Blum sold 6,772 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $268.90, for a total transaction of $1,820,990.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Anagnost sold 24,031 shares of the firm’s stock in a transaction that occurred on Wednesday, March 24th. The stock was sold at an average price of $264.03, for a total value of $6,344,904.93. The disclosure for this sale can be found here. Insiders have sold a total of 64,232 shares of company stock valued at $17,126,155 over the last three months. 0.14% of the stock is owned by corporate insiders.

About Autodesk

Autodesk, Inc operates as a software design and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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