denkapparat Operations GmbH Makes New $303,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

denkapparat Operations GmbH purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,024 shares of the software company's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Autodesk in the 4th quarter worth $25,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. purchased a new position in Autodesk in the 4th quarter worth approximately $30,000. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after buying an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Rosenblatt Securities restated a "buy" rating and set a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. DA Davidson boosted their target price on Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Macquarie reaffirmed an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Finally, Stifel Nicolaus decreased their price objective on Autodesk from $360.00 to $350.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $336.29.

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Insider Buying and Selling

In related news, Director John T. Cahill bought 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's 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 directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Autodesk Stock Up 0.4 %

NASDAQ:ADSK traded up $0.92 during midday trading on Tuesday, reaching $262.72. 368,495 shares of the stock traded hands, compared to its average volume of 1,661,159. The business has a 50-day moving average of $283.42 and a two-hundred day moving average of $288.56. The stock has a market capitalization of $55.96 billion, a PE ratio of 52.04, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. 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 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk Profile

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.