Russell Investments Group Ltd. Sells 22,549 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Russell Investments Group Ltd. reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 382,382 shares of the software company’s stock after selling 22,549 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Autodesk worth $93,147,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bfsg LLC bought a new stake in shares of Autodesk in the 4th quarter valued at $27,000. Rakuten Securities Inc. bought a new position in Autodesk during the fourth quarter worth $28,000. Operose Advisors LLC bought a new position in Autodesk during the third quarter worth $35,000. AdvisorNet Financial Inc boosted its stake in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after acquiring an additional 57 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its stake in Autodesk by 230.5% during the third quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock worth $40,000 after acquiring an additional 136 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ADSK shares. Piper Sandler Companies increased their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. BMO Capital Markets upped their price objective on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, April 1st. Mizuho upped their price objective on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Autodesk Stock Performance

Shares of ADSK traded up $1.53 during trading hours on Friday, hitting $217.93. The company’s stock had a trading volume of 1,277,888 shares, compared to its average volume of 1,925,797. The company has a market cap of $46.62 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 3.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The business has a 50 day simple moving average of $247.53 and a two-hundred day simple moving average of $235.47. Autodesk, Inc. has a 52-week low of $188.38 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, equities analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $898,621.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares in the company, valued at $898,621.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,166 shares of company stock valued at $9,465,055. Corporate 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.