PharVision Advisers LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

PharVision Advisers LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 968 shares of the software company's stock, valued at approximately $286,000.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC grew its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares during the period. Mizuho Securities Co. Ltd. purchased a new position in Autodesk in the fourth quarter worth $30,000. 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. Finally, Sierra Ocean LLC purchased a new stake in shares of Autodesk during the 4th quarter worth $39,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company's 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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $292.93 on Thursday. 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 capitalization of $62.67 billion, a price-to-earnings ratio of 58.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a 50 day moving average price of $270.25 and a 200 day moving average price of $286.61.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADSK. JPMorgan Chase & Co. cut their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus lowered their target price on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group lifted their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company reduced their price objective on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup boosted their target price on Autodesk from $346.00 to $374.00 and gave the stock a "buy" rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $323.59.

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.

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