Pallas Capital Advisors LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,430 shares of the software company's stock, valued at approximately $898,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk in the 4th quarter worth $25,000. Investment Management Corp VA ADV purchased a new stake in Autodesk during the 4th quarter valued at about $29,000. Tradewinds Capital Management LLC increased its holdings in shares of 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 purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. purchased a new position in shares of Autodesk in the fourth quarter worth about $30,000. Finally, Addison Advisors LLC lifted its holdings 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 purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.
Insider Buying and Selling at Autodesk
In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company's stock.
Analysts Set New Price Targets
ADSK has been the topic of several recent research reports. Mizuho dropped their price objective on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group upped their price target on shares of Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Morgan Stanley restated an "overweight" rating and issued a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Oppenheimer reaffirmed 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. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average target price of $337.45.
Check Out Our Latest Research Report on Autodesk
Autodesk Stock Performance
ADSK stock traded down $6.41 during midday trading on Friday, reaching $292.16. The company had a trading volume of 1,129,695 shares, compared to its average volume of 1,544,857. Autodesk, Inc. has a fifty-two week low of $221.04 and a fifty-two week high of $326.62. The firm has a market capitalization of $62.52 billion, a PE ratio of 57.97, a P/E/G ratio of 2.94 and a beta of 1.45. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $281.20 and a 200 day moving average price of $285.58.
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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