Callan Family Office LLC Buys Shares of 3,118 Autodesk, Inc. (NASDAQ:ADSK)

Callan Family Office LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,118 shares of the software company's stock, valued at approximately $922,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mount Yale Investment Advisors LLC grew its holdings in shares of Autodesk by 1.9% during 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 during the period. Y.D. More Investments Ltd grew its stake in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after buying an additional 35 shares during the period. Grove Bank & Trust grew its stake in Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after buying an additional 37 shares during the period. Journey Strategic Wealth LLC increased its position in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after acquiring an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 acquiring an additional 38 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $1.00 during trading hours on Wednesday, hitting $251.85. The stock had a trading volume of 2,428,812 shares, compared to its average volume of 1,585,373. 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 stock's fifty day simple moving average is $291.33 and its 200 day simple moving average is $287.90. The firm has a market capitalization of $54.15 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Oppenheimer raised their target price on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They set a "sector outperform" rating and a $360.00 target price on the stock. Robert W. Baird lowered their price target on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Finally, BMO Capital Markets boosted their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and an average target price of $338.43.

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.