Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 58.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,837 shares of the software company's stock after buying an additional 1,785 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Autodesk were worth $1,266,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Investment Management Corp VA ADV acquired a new position in Autodesk during the 4th quarter valued at about $29,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% in 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 during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk in the fourth quarter worth about $30,000. Finally, Addison Advisors LLC grew its stake in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after acquiring an additional 74 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.15% of the company's stock.

Autodesk Trading Down 2.1%

Shares of ADSK traded down $6.41 during midday trading on Friday, hitting $292.16. 1,129,695 shares of the stock were exchanged, compared to its average volume of 1,544,857. The stock has a fifty day simple moving average of $281.20 and a 200 day simple moving average of $285.58. Autodesk, Inc. has a 52-week low of $221.04 and a 52-week 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 cap of $62.52 billion, a P/E ratio of 57.97, a P/E/G ratio of 2.94 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADSK. DA Davidson set a $305.00 price objective on Autodesk and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Oppenheimer reissued an "outperform" rating and set a $350.00 price target (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $370.00 price objective (up from $330.00) on shares of Autodesk in a report on Friday, May 23rd. Rosenblatt Securities reiterated a "buy" rating and issued a $340.00 price objective on shares of Autodesk in a research note on Tuesday, May 20th. Finally, BMO Capital Markets boosted their target price on shares of Autodesk from $324.00 to $333.00 and gave the company a "market perform" rating in a research report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Autodesk has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

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.