Stifel Financial Corp Buys 2,351 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Stifel Financial Corp raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,192 shares of the software company's stock after acquiring an additional 2,351 shares during the quarter. Stifel Financial Corp owned about 0.06% of Autodesk worth $36,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC raised its stake in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk in the 4th quarter valued at about $30,000. Addison Advisors LLC increased its position 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 buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Autodesk in the 4th quarter valued at $37,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Up 0.4 %

Shares of NASDAQ ADSK traded up $0.97 on Tuesday, reaching $272.44. 203,045 shares of the company's stock traded hands, compared to its average volume of 1,630,225. The business's 50 day simple moving average is $263.89 and its two-hundred day simple moving average is $286.65. The company has a market cap of $58.03 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analyst Ratings Changes

ADSK has been the subject of a number of recent research reports. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Wells Fargo & Company dropped their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus decreased their price objective on Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Bank of America upped their price target on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, Mizuho cut their price objective on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $321.36.

Autodesk 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.