Jump Financial LLC Has $319,000 Holdings in Autodesk, Inc. $ADSK

Key Points

• Jump Financial LLC has reduced its holdings in Autodesk, Inc. by 50.3% in the first quarter, now owning 1,219 shares valued at approximately $319,000.
• Several hedge funds increased their stakes in Autodesk, with Brighton Jones LLC and Aptus Capital Advisors LLC raising their holdings by 14.5% and 13.3% respectively in the fourth quarter.
• Analysts have positively revised their price targets for Autodesk, with firms like Mizuho and Macquarie boosting their targets to $375.00 and $380.00, respectively, indicating strong market confidence.

Jump Financial LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 50.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,219 shares of the software company's stock after selling 1,233 shares during the quarter. Jump Financial LLC's holdings in Autodesk were worth $319,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farallon Capital Management LLC acquired a new stake in Autodesk in the 4th quarter valued at about $544,381,000. GAMMA Investing LLC raised its holdings in shares of Autodesk by 27,505.2% in the 1st quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after purchasing an additional 1,465,204 shares in the last quarter. Nuveen LLC acquired a new stake in Autodesk during the first quarter valued at approximately $278,383,000. T. Rowe Price Investment Management Inc. boosted its holdings in Autodesk by 44.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,318,319 shares of the software company's stock worth $868,736,000 after buying an additional 1,016,187 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock worth $652,127,000 after buying an additional 670,699 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of recent research reports. Macquarie increased their price objective on Autodesk from $360.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. UBS Group boosted their target price on Autodesk from $370.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Citigroup increased their price target on Autodesk from $376.00 to $393.00 and gave the company a "buy" rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, DA Davidson reaffirmed a "buy" rating and set a $375.00 price objective on shares of Autodesk in a research note on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $356.83.

Insiders Place Their Bets

In other Autodesk news, EVP Ruth Ann Keene sold 2,761 shares of Autodesk stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total transaction of $869,991.10. Following the completion of the sale, the executive vice president owned 80,255 shares of the company's stock, valued at $25,288,350.50. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,440 shares of company stock worth $6,786,586 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 2.0%

Shares of NASDAQ ADSK traded up $6.44 during mid-day trading on Friday, reaching $326.37. The company had a trading volume of 1,632,149 shares, compared to its average volume of 1,784,814. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.65 and a current ratio of 0.76. The company has a market capitalization of $69.52 billion, a price-to-earnings ratio of 67.57, a PEG ratio of 2.83 and a beta of 1.49. The stock has a fifty day moving average of $299.25 and a two-hundred day moving average of $285.46. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $326.85.

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.