DE Burlo Group Inc. Buys 12,600 Shares of Autodesk, Inc. (NASDAQ:ADSK)

DE Burlo Group Inc. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,740 shares of the software company's stock after purchasing an additional 12,600 shares during the period. Autodesk makes up approximately 4.8% of DE Burlo Group Inc.'s investment portfolio, making the stock its 4th largest holding. DE Burlo Group Inc. owned 0.06% of Autodesk worth $35,687,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ADSK. Golden State Wealth Management LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC lifted its position in shares of Autodesk by 100.0% in the 4th 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. acquired a new position in Autodesk in the 4th quarter worth approximately $30,000. Addison Advisors LLC grew its position in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk in the fourth quarter valued at $37,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ADSK. Robert W. Baird dropped their target price on Autodesk from $345.00 to $336.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Rosenblatt Securities reissued a "buy" rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Finally, KeyCorp cut their price objective on shares of Autodesk from $335.00 to $323.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $321.36.

Autodesk Price Performance

Shares of ADSK stock traded up $1.36 during mid-day trading on Wednesday, reaching $274.25. The company's stock had a trading volume of 1,223,780 shares, compared to its average volume of 1,022,578. The firm's 50-day moving average is $263.52 and its two-hundred day moving average is $286.55. The company has a market cap of $58.42 billion, a P/E ratio of 54.41, a PEG ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $267.40 and a 1-year high of $274.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Insider Buying and Selling

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

About Autodesk

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.