Uniting Wealth Partners LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,000 shares of the software company's stock, valued at approximately $296,000.
Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC grew its holdings in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Autodesk during the 4th quarter worth approximately $30,000. Addison Advisors LLC lifted its position in shares of Autodesk by 157.4% during 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 in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Autodesk in the 4th quarter worth about $37,000. 90.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on ADSK. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Rosenblatt Securities restated a "buy" rating and issued a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Oppenheimer lowered their price target on Autodesk from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Tuesday. Mizuho raised shares of Autodesk from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Bank of America boosted their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $333.90.
View Our Latest Analysis on ADSK
Insiders Place Their Bets
In related 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 transaction of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk 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 purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.
Autodesk Price Performance
Shares of ADSK stock traded up $3.20 during trading hours on Tuesday, hitting $246.82. The stock had a trading volume of 377,798 shares, compared to its average volume of 1,678,272. The stock's 50-day moving average price is $279.01 and its two-hundred day moving average price is $288.18. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market capitalization of $52.57 billion, a price-to-earnings ratio of 48.85, 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.
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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