Jefferies Financial Group Inc. Buys Shares of 7,176 Autodesk, Inc. (NASDAQ:ADSK)

Jefferies Financial Group Inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,176 shares of the software company's stock, valued at approximately $2,121,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADSK. Brighton Jones LLC increased its stake in shares of Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock worth $343,000 after buying an additional 147 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Autodesk by 39.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,133 shares of the software company's stock worth $630,000 after buying an additional 600 shares during the last quarter. PFG Investments LLC boosted its holdings in Autodesk by 12.1% in the fourth quarter. PFG Investments LLC now owns 2,158 shares of the software company's stock worth $638,000 after purchasing an additional 233 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in Autodesk by 32.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,400 shares of the software company's stock worth $1,301,000 after purchasing an additional 1,078 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Autodesk by 31.8% in the fourth quarter. Blue Trust Inc. now owns 3,207 shares of the software company's stock worth $883,000 after purchasing an additional 773 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Autodesk stock traded down $1.37 during midday trading on Friday, hitting $295.63. The company's stock had a trading volume of 4,533,884 shares, compared to its average volume of 1,624,429. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock's 50-day moving average price is $274.48 and its 200-day moving average price is $286.02. Autodesk, Inc. has a 12 month low of $205.86 and a 12 month high of $326.62. The company has a market capitalization of $63.25 billion, a PE ratio of 58.66, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Insiders Place Their Bets

In related news, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase 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, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank decreased their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. decreased their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Bank of America lifted their price objective on shares of Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Stifel Nicolaus boosted their price target on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, BMO Capital Markets boosted their price target on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and a consensus target price of $337.45.

About Autodesk

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.