Susquehanna Fundamental Investments LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Susquehanna Fundamental Investments 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 88,521 shares of the software company's stock, valued at approximately $26,164,000.

A number of other institutional investors have also made changes to their positions in ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk in the fourth quarter valued at about $25,000. Tradewinds Capital Management LLC grew its stake in 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 acquiring an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the fourth quarter valued at about $30,000. Addison Advisors LLC grew its stake 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 acquiring an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Autodesk during the fourth quarter worth about $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 price objective on shares of Autodesk in a research report on Tuesday, February 25th. DA Davidson reduced their price objective on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a research report on Thursday. Finally, KeyCorp reduced their price objective on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's 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 completion of the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, 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 Stock Performance

Shares of NASDAQ:ADSK traded up $1.42 on Tuesday, hitting $272.89. The company had a trading volume of 820,368 shares, compared to its average volume of 1,633,365. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The stock has a market cap of $58.13 billion, a price-to-earnings ratio of 54.14, a P/E/G ratio of 2.94 and a beta of 1.49. The stock has a 50 day moving average price of $263.89 and a 200 day moving average price of $286.65. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.