Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by DE Burlo Group Inc.

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

A number of other institutional investors also recently made changes to their positions in the stock. Virtus ETF Advisers LLC increased its stake in Autodesk by 9.4% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,020 shares of the software company's stock worth $1,188,000 after acquiring an additional 344 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Autodesk by 14.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,211 shares of the software company's stock worth $1,540,000 after buying an additional 645 shares during the period. Three Seasons Wealth LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $236,000. Voya Financial Advisors Inc. boosted its position in shares of Autodesk by 4.1% in the fourth quarter. Voya Financial Advisors Inc. now owns 6,861 shares of the software company's stock worth $2,041,000 after buying an additional 271 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Autodesk by 422.6% in the fourth quarter. Voya Investment Management LLC now owns 412,113 shares of the software company's stock worth $121,808,000 after buying an additional 333,258 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was 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 directly owns 2,000 shares in the company, 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 insiders.

Autodesk Stock Performance

Shares of Autodesk stock traded up $1.69 during trading on Thursday, hitting $275.94. 452,747 shares of the stock were exchanged, compared to its average volume of 1,616,823. The stock's fifty day moving average is $263.31 and its 200 day moving average is $286.47. The stock has a market cap of $58.78 billion, a PE ratio of 54.75, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup decreased their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Oppenheimer restated an "outperform" rating on shares of Autodesk in a research note on Thursday, April 24th. UBS Group upped their target price on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Rosenblatt Securities reissued a "buy" rating and set a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. Finally, Barclays cut their price target on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

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.