111 Capital Purchases Shares of 5,818 Autodesk, Inc. (NASDAQ:ADSK)

111 Capital bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,818 shares of the software company's stock, valued at approximately $1,720,000.

Several other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in Autodesk during the fourth quarter valued at $25,000. Investment Management Corp VA ADV purchased a new position in Autodesk during the fourth quarter worth $29,000. Tradewinds Capital Management LLC grew its holdings in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk during the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC increased its stake in Autodesk by 157.4% in the fourth 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. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 0.5%

Shares of NASDAQ:ADSK traded down $1.37 during trading on Friday, reaching $295.63. The stock had a trading volume of 4,533,884 shares, compared to its average volume of 1,624,429. The firm's 50-day simple moving average is $274.48 and its 200 day simple moving average is $286.02. 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 one year low of $205.86 and a one year high of $326.62. The company has a market capitalization of $63.25 billion, a P/E ratio of 58.66, a PEG ratio of 2.94 and a beta of 1.47.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADSK shares. Stifel Nicolaus boosted their target price on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. DA Davidson set a $305.00 target price on shares of Autodesk and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Macquarie reaffirmed an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $337.45.

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.