Rockefeller Capital Management L.P. Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Rockefeller Capital Management L.P. boosted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 18.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,647 shares of the software company's stock after buying an additional 4,690 shares during the period. Rockefeller Capital Management L.P.'s holdings in Autodesk were worth $9,046,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC bought a new position in Autodesk in the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC lifted its holdings in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk during the fourth quarter valued at approximately $30,000. Addison Advisors LLC raised its position in Autodesk by 157.4% in the 4th 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 bought a new position in Autodesk during the 4th quarter valued at $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of ADSK traded up $6.87 during midday trading on Tuesday, hitting $261.14. 1,072,873 shares of the company traded hands, compared to its average volume of 1,647,099. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market cap of $55.62 billion, a P/E ratio of 51.81, a PEG ratio of 2.94 and a beta of 1.49. 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 stock has a 50-day moving average of $266.34 and a 200-day moving average of $286.75.

Analyst Ratings Changes

ADSK has been the subject of several analyst reports. Robert W. Baird lowered their target price 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. Wells Fargo & Company cut their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research note on Tuesday. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and upped their target price for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Mizuho cut their price objective on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Macquarie restated an "outperform" rating and issued a $360.00 price objective on shares of Autodesk in a research note on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $321.36.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of 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 disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Autodesk 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.