Autodesk, Inc. (NASDAQ:ADSK) Director John T. Cahill Acquires 2,000 Shares

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Autodesk Stock Down 0.5 %

NASDAQ:ADSK traded down $1.40 during mid-day trading on Thursday, hitting $269.81. 1,230,046 shares of the company's stock were exchanged, compared to its average volume of 1,593,926. The company has a market cap of $57.47 billion, a PE ratio of 53.53, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The business has a fifty day moving average price of $284.61 and a 200 day moving average price of $288.08.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Macquarie restated an "outperform" rating and set a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Robert W. Baird cut their target price on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus lowered their price target on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Morgan Stanley increased their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Bank of America boosted their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average price target of $336.29.

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Institutional Trading of Autodesk

A number of hedge funds have recently made changes to their positions in ADSK. Massachusetts Financial Services Co. MA raised its stake in Autodesk by 406.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after buying an additional 2,307,960 shares during the last quarter. Norges Bank purchased a new position in shares of Autodesk in the 4th quarter worth about $632,566,000. Starboard Value LP bought a new position in Autodesk in the 3rd quarter worth about $510,189,000. Farallon Capital Management LLC purchased a new stake in Autodesk during the 4th quarter valued at about $544,381,000. Finally, Janus Henderson Group PLC increased its stake in Autodesk by 43.7% during the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after purchasing an additional 670,699 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Company 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.