SIH Partners LLLP Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

SIH Partners LLLP bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,000 shares of the software company's stock, valued at approximately $1,182,000.

Other hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC lifted its stake in shares of Autodesk by 1.9% in 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 raised its position in Autodesk by 1.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after acquiring an additional 35 shares during the period. Grove Bank & Trust boosted its stake in shares of Autodesk by 9.2% during 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 during the last quarter. Journey Strategic Wealth LLC grew its position in shares of Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased 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 worth $106,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

ADSK has been the subject of several recent research reports. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Scotiabank cut their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Oppenheimer restated an "outperform" rating on shares of Autodesk in a research note on Thursday. UBS Group upped their price target 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. Finally, Macquarie restated an "outperform" rating and set a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insider Activity

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 completion of the sale, the chief accounting officer now 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. Corporate insiders own 0.14% of the company's stock.

Autodesk Trading Down 0.7 %

ADSK traded down $1.78 on Friday, hitting $269.93. The company had a trading volume of 1,308,090 shares, compared to its average volume of 1,636,255. The business's fifty day simple moving average is $264.95 and its 200 day simple moving average is $286.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $57.50 billion, a PE ratio of 53.56, a PEG ratio of 2.94 and a beta of 1.49.

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.