Vise Technologies Inc. Acquires 1,379 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Vise Technologies Inc. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 25.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,704 shares of the software company's stock after buying an additional 1,379 shares during the quarter. Vise Technologies Inc.'s holdings in Autodesk were worth $1,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Novem Group acquired a new stake in Autodesk during the 4th quarter valued at $794,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Autodesk by 14.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,172 shares of the software company's stock valued at $12,169,000 after buying an additional 5,212 shares in the last quarter. Financial Avengers Inc. raised its position in Autodesk by 39.0% during the fourth quarter. Financial Avengers Inc. now owns 278 shares of the software company's stock valued at $82,000 after buying an additional 78 shares during the period. Continuum Advisory LLC lifted its stake in Autodesk by 6.4% in the 4th quarter. Continuum Advisory LLC now owns 749 shares of the software company's stock worth $221,000 after acquiring an additional 45 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in Autodesk during the 4th quarter worth about $286,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group boosted their price target on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. KeyCorp reiterated an "overweight" rating and set a $350.00 price objective (up from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Rosenblatt Securities restated a "buy" rating and issued a $340.00 target price on shares of Autodesk in a research note on Tuesday, May 20th. Finally, Macquarie reaffirmed an "outperform" rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $337.45.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was 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.

Autodesk Stock Performance

Shares of Autodesk stock traded down $2.10 during midday trading on Thursday, hitting $297.13. The company had a trading volume of 403,485 shares, compared to its average volume of 1,634,641. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business's 50 day simple moving average is $273.48 and its two-hundred day simple moving average is $286.56. The stock has a market cap of $63.57 billion, a PE ratio of 58.93, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

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.