Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Strs Ohio

Strs Ohio, which stands for State Teachers Retirement System of Ohio, is a significant institutional investor based in the United States. The organization manages retirement funds for public school teachers in Ohio. In the last quarter of 2022, Strs Ohio made adjustments to its investment portfolio, which included selling a portion of its holdings in Autodesk, Inc. (NASDAQ: ADSK).

According to Holdings Channel, a financial data provider, Strs Ohio reduced its ownership of Autodesk shares by approximately 4.0%. The fund held a total of 57,608 shares of Autodesk stock following the sale of 2,384 shares during the quarter. The value of these holdings was reported to be around $14,026,000 as of the most recent Securities and Exchange Commission (SEC) filing.

Autodesk, headquartered in California, is a leading software company that provides solutions for design, engineering, and entertainment industries. Its software offerings include AutoCAD, Revit, Maya, and Fusion 360, among others. The company's stock has experienced significant growth over the past few years, with a market capitalization of over $65 billion as of February 2023.

Strs Ohio's decision to sell a portion of its Autodesk holdings could be attributed to various reasons, such as portfolio rebalancing, risk management, or market conditions. However, without access to the fund's internal investment strategies and communications, it is impossible to determine the exact motivation behind this transaction.

It is essential to note that institutional investors like Strs Ohio often make adjustments to their portfolios based on various factors, including market trends, company performance, and their overall investment objectives. These transactions can impact the stock prices of the companies involved, but they do not necessarily indicate any underlying issues or concerns with the company itself.

In summary, Strs Ohio, an Ohio-based pension fund for public school teachers, sold 2,384 shares of Autodesk, Inc. (NASDAQ: ADSK) during the last quarter of 2022, reducing its holdings by approximately 4.0%. The value of these holdings was reported to be around $14,026,000 as of the most recent SEC filing. The reasons behind this transaction are not publicly disclosed but could include portfolio rebalancing or risk management strategies.