HF Advisory Group LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 43.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,957 shares of the software company's stock after acquiring an additional 1,197 shares during the quarter. HF Advisory Group LLC's holdings in Autodesk were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Autodesk during the 4th quarter valued at $25,000. Investment Management Corp VA ADV bought a new stake in shares of Autodesk in the fourth quarter worth $29,000. Tradewinds Capital Management LLC increased its position 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 acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Autodesk during the fourth quarter valued at $30,000. Finally, Addison Advisors LLC lifted its holdings in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after acquiring an additional 74 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Autodesk
In other Autodesk news, Director John T. Cahill acquired 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, for a total transaction of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This trade represents 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 this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.
Autodesk Price Performance
Shares of ADSK stock traded down $0.36 during mid-day trading on Friday, hitting $297.86. The company had a trading volume of 941,689 shares, compared to its average volume of 1,578,895. The stock's 50 day moving average price is $277.02 and its 200-day moving average price is $286.14. Autodesk, Inc. has a 52-week low of $205.86 and a 52-week high of $326.62. The company has a market capitalization of $63.73 billion, a P/E ratio of 59.10, 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.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. BMO Capital Markets upped their price target 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $345.00 price target (up from $313.03) on shares of Autodesk in a research report on Friday, May 23rd. DA Davidson set a $305.00 price target on shares of Autodesk and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Barclays boosted their price objective on shares of Autodesk from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, Bank of America raised their target price on Autodesk from $290.00 to $330.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Eight investment 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.
Check Out Our Latest Stock Analysis 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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