Guggenheim Capital LLC Buys 5,945 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Guggenheim Capital LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,791 shares of the software company's stock after buying an additional 5,945 shares during the period. Guggenheim Capital LLC owned about 0.05% of Autodesk worth $34,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Autodesk in the fourth quarter valued at about $2,107,000. Promethos Capital LLC increased its stake in shares of Autodesk by 3.6% in the fourth quarter. Promethos Capital LLC now owns 13,997 shares of the software company's stock worth $4,137,000 after buying an additional 480 shares during the last quarter. Mariner LLC raised its holdings in Autodesk by 3.7% in the fourth quarter. Mariner LLC now owns 27,948 shares of the software company's stock valued at $8,261,000 after acquiring an additional 1,006 shares in the last quarter. Savvy Advisors Inc. acquired a new position in Autodesk during the 4th quarter worth $201,000. Finally, Synovus Financial Corp increased its position in shares of Autodesk by 2.8% in the 4th quarter. Synovus Financial Corp now owns 13,139 shares of the software company's stock worth $3,883,000 after purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Down 0.3 %

Shares of NASDAQ:ADSK traded down $0.69 during midday trading on Friday, hitting $259.47. 1,053,424 shares of the stock were exchanged, compared to its average volume of 1,651,409. The business's fifty day simple moving average is $268.04 and its two-hundred day simple moving average is $286.91. 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 52-week low of $195.32 and a 52-week high of $326.62. The company has a market capitalization of $55.27 billion, a PE ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49.

Insider Activity at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at $802,671.87. The trade was a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on ADSK shares. Scotiabank lowered their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Macquarie restated an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Barclays lowered their target price on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. DA Davidson lowered their price objective on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird decreased their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Eight research 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, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.59.

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.