Neuberger Berman Group LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,764 shares of the software company's stock after purchasing an additional 6,439 shares during the period. Neuberger Berman Group LLC owned 0.05% of Autodesk worth $33,625,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new stake in Autodesk in the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the 4th quarter valued at $30,000. Addison Advisors LLC lifted its position in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in 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 Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business's 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 owns 3,003 shares of the company's stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.
Autodesk Trading Down 0.7 %
Shares of NASDAQ:ADSK traded down $1.79 during midday trading on Wednesday, hitting $263.55. 336,219 shares of the stock were exchanged, compared to its average volume of 1,688,225. 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 quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $56.14 billion, a price-to-earnings ratio of 52.29, a P/E/G ratio of 2.94 and a beta of 1.49. The business's 50-day moving average price is $270.58 and its 200 day moving average price is $287.15.
Analyst Ratings Changes
A number of brokerages have issued reports on ADSK. UBS Group lifted their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Barclays lowered their price target on Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus lowered their target price on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Piper Sandler raised shares of Autodesk from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.59.
Read Our Latest Research Report on ADSK
About Autodesk
(
Free Report)
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.
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