World Investment Advisors Purchases 1,594 Shares of Autodesk, Inc. (NASDAQ:ADSK)

World Investment Advisors grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,835 shares of the software company's stock after purchasing an additional 1,594 shares during the period. World Investment Advisors' holdings in Autodesk were worth $4,680,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC grew 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 acquiring an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk during the fourth quarter valued at approximately $30,000. Addison Advisors LLC lifted its holdings in Autodesk by 157.4% during 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 during the period. Finally, Central Pacific Bank Trust Division purchased a new position in Autodesk in the fourth quarter worth $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of Autodesk from $275.00 to $285.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Morgan Stanley boosted their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Citigroup decreased their price target on shares of Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Mizuho upgraded Autodesk from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and an average price target of $331.45.

Autodesk Trading Up 10.3 %

NASDAQ ADSK traded up $24.69 during trading on Wednesday, hitting $263.53. The company had a trading volume of 2,456,587 shares, compared to its average volume of 1,691,913. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a market cap of $56.13 billion, a price-to-earnings ratio of 52.29, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The company's fifty day moving average is $274.39 and its 200-day moving average is $287.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 of the company's stock, valued at $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at $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 corporate insiders.

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.