Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by DE Burlo Group Inc.

DE Burlo Group Inc. lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 120,740 shares of the software company's stock after buying an additional 12,600 shares during the quarter. Autodesk comprises about 4.8% of DE Burlo Group Inc.'s portfolio, making the stock its 4th largest holding. DE Burlo Group Inc. owned approximately 0.06% of Autodesk worth $35,687,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its stake in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after purchasing an additional 35 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust increased its holdings in Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company's stock valued at $130,000 after buying an additional 37 shares during the period. Journey Strategic Wealth LLC increased its holdings in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after buying an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Trading Up 0.5 %

Shares of ADSK stock traded up $1.42 during mid-day trading on Tuesday, hitting $272.89. The company's stock had a trading volume of 820,368 shares, compared to its average volume of 1,633,365. The company's fifty day simple moving average is $263.89 and its 200-day simple moving average is $286.65. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $58.13 billion, a PE ratio of 54.14, a P/E/G ratio of 2.94 and a beta of 1.49.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. Mizuho decreased their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Oppenheimer reissued an "outperform" rating on shares of Autodesk in a report on Thursday. Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and raised their target price for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Barclays decreased their target price on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Macquarie reaffirmed an "outperform" rating and set a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $321.36.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

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.