Geode Capital Management LLC Purchases 45,623 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Geode Capital Management LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,715,702 shares of the software company's stock after buying an additional 45,623 shares during the period. Geode Capital Management LLC owned approximately 2.19% of Autodesk worth $1,391,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Autodesk during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC boosted 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 worth $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the fourth quarter worth about $30,000. Addison Advisors LLC increased its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in Autodesk during the 4th quarter valued at approximately $37,000. Institutional investors own 90.24% of the company's stock.

Insider Activity

In other news, CAO Stephen W. Hope sold 2,452 shares of the company'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 of the company's stock, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price 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. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Down 4.5 %

NASDAQ:ADSK traded down $11.64 on Friday, reaching $245.51. 3,161,394 shares of the stock traded hands, compared to its average volume of 1,675,549. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $52.29 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company's fifty day simple moving average is $280.12 and its 200 day simple moving average is $288.20.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADSK. Citigroup reduced their target price on Autodesk from $361.00 to $339.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of Autodesk from $375.00 to $385.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. UBS Group raised their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Stifel Nicolaus reduced their price target on shares of Autodesk from $360.00 to $350.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Robert W. Baird lowered their price objective on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and a consensus price target of $336.29.

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.