Sivia Capital Partners LLC Purchases 1,224 Shares of Autodesk, Inc. $ADSK

Key Points

• Sivia Capital Partners LLC significantly increased its stake in Autodesk, Inc. by 98.1% during the second quarter, now owning 2,472 shares valued at $765,000.
• Analysts have raised their price targets for Autodesk, with KeyCorp, Barclays, and Morgan Stanley all setting new targets above $350.00, reflecting a consensus rating of "Moderate Buy" and an average price target of $356.83.
• Insider selling has been noted, with Director Ayanna Howard reducing her position by 41.83% after selling shares at approximately $325.00 each, which raises concerns about executive confidence in the company's stock performance.

Sivia Capital Partners LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 98.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,472 shares of the software company's stock after acquiring an additional 1,224 shares during the quarter. Sivia Capital Partners LLC's holdings in Autodesk were worth $765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Brighton Jones LLC increased its stake in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after acquiring an additional 147 shares during the period. State of Wyoming boosted its position in Autodesk by 152.1% in the fourth quarter. State of Wyoming now owns 920 shares of the software company's stock valued at $272,000 after buying an additional 555 shares in the last quarter. Waters Parkerson & CO. LLC acquired a new position in Autodesk in the fourth quarter valued at about $217,000. Woodline Partners LP boosted its position in Autodesk by 95.3% in the fourth quarter. Woodline Partners LP now owns 489,039 shares of the software company's stock valued at $144,545,000 after buying an additional 238,647 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new position in Autodesk in the fourth quarter valued at about $277,000. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares in the company, valued at $25,288,350.50. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ayanna Howard sold 3,159 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at $1,427,725. This represents a 41.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,374 shares of company stock valued at $13,899,261. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Trading Down 0.1%

NASDAQ ADSK traded down $0.37 during trading hours on Friday, hitting $322.67. The company's stock had a trading volume of 3,364,367 shares, compared to its average volume of 1,756,348. The stock has a fifty day moving average of $301.54 and a 200 day moving average of $287.82. Autodesk, Inc. has a twelve month low of $232.67 and a twelve month high of $329.09. The firm has a market capitalization of $68.73 billion, a P/E ratio of 66.81, a PEG ratio of 2.86 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.91.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of Autodesk from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Robert W. Baird boosted their price target on shares of Autodesk from $345.00 to $363.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Stifel Nicolaus boosted their price target on shares of Autodesk from $350.00 to $375.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Bank of America boosted their price target on shares of Autodesk from $330.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Finally, Loop Capital initiated coverage on shares of Autodesk in a research report on Monday, July 21st. They issued a "hold" rating and a $320.00 price target on the stock. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $356.83.

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.