Autodesk, Inc. (NASDAQ:ADSK) Position Increased by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,395 shares of the software company's stock after purchasing an additional 10,468 shares during the quarter. Captrust Financial Advisors owned approximately 0.11% of Autodesk worth $66,916,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter worth $25,000. Tradewinds Capital Management LLC increased its stake in 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 acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the 4th quarter worth about $30,000. Addison Advisors LLC grew its holdings in shares of 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 during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the 4th quarter worth about $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of NASDAQ ADSK traded down $2.14 during mid-day trading on Friday, reaching $287.48. The company had a trading volume of 906,923 shares, compared to its average volume of 1,619,795. The company has a 50-day moving average price of $263.36 and a two-hundred day moving average price of $286.13. The stock has a market cap of $61.23 billion, a PE ratio of 57.04, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stifel Nicolaus cut their price objective on Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Scotiabank decreased their price target on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. KeyCorp reduced their target price 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. Morgan Stanley decreased their target price on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and an average price target of $321.36.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

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.