Edgestream Partners L.P. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1,323.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,519 shares of the software company's stock after buying an additional 9,780 shares during the period. Edgestream Partners L.P.'s holdings in Autodesk were worth $2,754,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new position in Autodesk during the fourth quarter worth $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk during the fourth quarter valued at approximately $30,000. Abound Financial LLC bought a new position in Autodesk in the 1st quarter worth approximately $35,000. Hurley Capital LLC acquired a new stake in Autodesk in the fourth quarter worth approximately $44,000. Finally, CoreCap Advisors LLC lifted its position in shares of Autodesk by 212.0% during the 4th quarter. CoreCap Advisors LLC now owns 156 shares of the software company's stock valued at $46,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.
Autodesk Stock Performance
Shares of NASDAQ:ADSK traded up $4.87 during trading on Friday, reaching $297.03. 2,420,541 shares of the stock were exchanged, compared to its average volume of 1,525,768. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $223.03 and a 12 month high of $326.62. The stock has a 50-day moving average price of $298.69 and a 200-day moving average price of $285.59. The firm has a market cap of $63.56 billion, a PE ratio of 63.60, a PEG ratio of 2.78 and a beta of 1.44.
Insider Buying and Selling at Autodesk
In related news, EVP Rebecca Pearce sold 3,251 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $315.00, for a total transaction of $1,024,065.00. Following the transaction, the executive vice president owned 19,440 shares in the company, valued at $6,123,600. The trade was a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 9,391 shares of company stock worth $2,909,885. Company insiders own 0.15% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. DA Davidson raised shares of Autodesk from a "neutral" rating to a "buy" rating and increased their target price for the stock from $305.00 to $375.00 in a research report on Monday, July 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $350.00 target price (up from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Mizuho reduced their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley restated an "overweight" rating and set a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research report on Friday, May 23rd. Finally, Berenberg Bank upgraded shares of Autodesk from a "hold" rating to a "buy" rating and raised their target price for the company from $325.00 to $365.00 in a research report on Friday, June 27th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $343.64.
View Our Latest Stock Report on ADSK
About Autodesk
(
Free Report)
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.
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