Conquis Financial LLC Acquires Shares of 1,600 Autodesk, Inc. (NASDAQ:ADSK)

Conquis Financial LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,600 shares of the software company's stock, valued at approximately $473,000. Autodesk comprises about 0.5% of Conquis Financial LLC's portfolio, making the stock its 14th biggest position.

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

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Insider Transactions at Autodesk

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

Analyst Ratings Changes

ADSK has been the topic of a number of research analyst reports. Macquarie reaffirmed an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Bank of America upped their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, KeyCorp lifted their price target on Autodesk from $330.00 to $335.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $331.45.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded up $0.92 during mid-day trading on Wednesday, hitting $239.76. The company had a trading volume of 349,221 shares, compared to its average volume of 1,680,266. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $51.07 billion, a P/E ratio of 47.38, a PEG ratio of 2.94 and a beta of 1.49. The business's 50-day simple moving average is $276.28 and its 200-day simple moving average is $287.64.

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.