Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 46,856 shares of the software company's stock after buying an additional 6,401 shares during the period. Townsquare Capital LLC's holdings in Autodesk were worth $13,849,000 at the end of the most recent quarter.

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

Insider Buying and Selling

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

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Autodesk Stock Up 1.8 %

Shares of ADSK traded up $4.63 during mid-day trading on Tuesday, hitting $265.34. The company's stock had a trading volume of 1,081,280 shares, compared to its average volume of 1,693,499. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company's 50-day moving average is $270.58 and its 200-day moving average is $287.15. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a market capitalization of $56.52 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 2.94 and a beta of 1.49.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Oppenheimer reduced their price target on shares of Autodesk from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird dropped their price target on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Mizuho reduced their price objective on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday. Macquarie reissued an "outperform" rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $324.64.

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.