Legato Capital Management LLC Raises Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Legato Capital Management LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 58.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,775 shares of the software company's stock after buying an additional 5,094 shares during the period. Legato Capital Management LLC's holdings in Autodesk were worth $3,606,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Oregon Pacific Wealth Management LLC increased its stake in Autodesk by 4.0% during the 1st quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company's stock worth $262,000 after buying an additional 38 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock worth $46,000 after purchasing an additional 41 shares during the last quarter. FineMark National Bank & Trust boosted its holdings in shares of Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock worth $998,000 after purchasing an additional 42 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Autodesk by 30.2% during the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock worth $56,000 after purchasing an additional 42 shares during the last quarter. Finally, Sky Investment Group LLC boosted its holdings in shares of Autodesk by 0.5% during the 1st quarter. Sky Investment Group LLC now owns 8,338 shares of the software company's stock worth $2,183,000 after purchasing an additional 42 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADSK has been the topic of several recent research reports. Stifel Nicolaus boosted their target price on Autodesk from $310.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Citigroup boosted their target price on Autodesk from $374.00 to $376.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. KeyCorp restated an "overweight" rating and set a $350.00 target price (up from $323.00) on shares of Autodesk in a report on Friday, May 23rd. Oppenheimer restated an "outperform" rating and set a $350.00 target price (up from $300.00) on shares of Autodesk in a report on Friday, May 23rd. Finally, The Goldman Sachs Group upped their price objective on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and a consensus price target of $342.61.

Autodesk Stock Up 0.7%

Shares of Autodesk stock traded up $2.18 during trading hours on Friday, reaching $303.28. 943,975 shares of the company were exchanged, compared to its average volume of 1,828,510. Autodesk, Inc. has a 1 year low of $223.03 and a 1 year high of $326.62. The stock's fifty day moving average is $299.29 and its 200 day moving average is $285.83. 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 $64.90 billion, a PE ratio of 64.94, a PEG ratio of 2.90 and a beta of 1.44.

Insider Buying and Selling at Autodesk

In related news, EVP Rebecca Pearce sold 3,251 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $315.00, for a total value of $1,024,065.00. Following the transaction, the executive vice president owned 19,440 shares of the company's stock, valued at $6,123,600. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 9,391 shares of company stock worth $2,909,885 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

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.