Seaview Investment Managers LLC Invests $356,000 in Autodesk, Inc. (NASDAQ:ADSK)

Seaview Investment Managers LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,205 shares of the software company's stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the fourth quarter valued at about $30,000. Addison Advisors LLC increased its holdings in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the fourth quarter worth about $37,000. Institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADSK. 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. Morgan Stanley lowered their price objective on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup cut their price objective on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Macquarie reissued an "outperform" rating and issued a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and an average price target of $321.36.

Autodesk Stock Performance

Autodesk stock traded up $7.27 during midday trading on Thursday, reaching $271.71. 1,303,258 shares of the company's stock were exchanged, compared to its average volume of 1,643,805. 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 firm has a market cap of $57.87 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock's 50-day simple moving average is $265.57 and its 200 day simple moving average is $286.59.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the company'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 transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction 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 transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

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.