DSG Capital Advisors LLC Purchases Shares of 2,967 Autodesk, Inc. (NASDAQ:ADSK)

DSG Capital Advisors LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,967 shares of the software company's stock, valued at approximately $877,000.

A number of other hedge funds also recently modified their holdings of ADSK. Mount Yale Investment Advisors LLC raised its stake in shares of Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock valued at $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock valued at $1,000,000 after buying an additional 35 shares during the period. Journey Strategic Wealth LLC lifted its stake in shares of Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after purchasing an additional 37 shares during the period. Cullen Frost Bankers Inc. lifted its position in Autodesk by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after acquiring an additional 39 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Autodesk by 9.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock worth $149,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson set a $305.00 price target on Autodesk and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Robert W. Baird lifted their price target on shares of Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Macquarie reissued an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Morgan Stanley restated an "overweight" rating and set a $370.00 price objective (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Bank of America increased their target price on Autodesk from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $337.45.

Autodesk Trading Down 0.5%

NASDAQ:ADSK opened at $295.63 on Monday. The firm has a market cap of $63.25 billion, a P/E ratio of 58.66, a P/E/G ratio of 2.94 and a beta of 1.47. 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 50-day simple moving average of $274.48 and a 200-day simple moving average of $286.02.

Insider Activity

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was acquired at an average price 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 in the company, valued at $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 this link. Also, CAO Stephen W. Hope sold 2,452 shares of the company's 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 transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

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.