NBC Securities Inc. Buys 5,738 Shares of Autodesk, Inc. (NASDAQ:ADSK)

NBC Securities Inc. increased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 114,760.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,743 shares of the software company's stock after purchasing an additional 5,738 shares during the quarter. NBC Securities Inc.'s holdings in Autodesk were worth $1,503,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new stake in Autodesk during the fourth quarter valued at about $25,000. Investment Management Corp VA ADV purchased a new stake in Autodesk during the fourth quarter valued at about $29,000. Tradewinds Capital Management LLC lifted 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 valued at $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Autodesk during the fourth quarter valued at about $30,000. Finally, Addison Advisors LLC lifted its stake in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after buying an additional 74 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank reduced their price objective on shares of Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Bank of America upped their target price on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Oppenheimer reiterated an "outperform" rating and issued a $350.00 target price (up previously from $300.00) on shares of Autodesk in a report on Friday, May 23rd. BMO Capital Markets upped their target price on Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a report on Friday, May 23rd. Finally, KeyCorp reiterated an "overweight" rating and issued a $350.00 target price (up previously from $323.00) on shares of Autodesk 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $337.45.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 completion of the transaction, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK traded down $1.16 during mid-day trading on Wednesday, hitting $298.36. The company's stock had a trading volume of 1,031,214 shares, compared to its average volume of 1,593,286. Autodesk, Inc. has a one year low of $205.86 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $63.83 billion, a PE ratio of 59.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The stock's 50-day moving average is $275.56 and its two-hundred day moving average is $286.08.

Autodesk 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.