Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6,703.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 263,835 shares of the software company's stock after purchasing an additional 259,957 shares during the quarter. SG Americas Securities LLC owned 0.12% of Autodesk worth $69,072,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the fourth quarter worth $25,000. Investment Management Corp VA ADV acquired a new position in shares of Autodesk in the fourth quarter worth $29,000. Tradewinds Capital Management LLC raised 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 worth $30,000 after acquiring an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk in the fourth quarter worth $30,000. Finally, Addison Advisors LLC raised its holdings in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after acquiring an additional 74 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 0.3%

Shares of NASDAQ ADSK traded down $0.77 on Wednesday, hitting $296.77. The company had a trading volume of 1,198,594 shares, compared to its average volume of 1,558,490. Autodesk, Inc. has a 12-month low of $214.51 and a 12-month high of $326.62. The business has a 50 day moving average of $279.08 and a two-hundred day moving average of $285.65. 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 firm has a market capitalization of $63.51 billion, a P/E ratio of 58.88, a PEG ratio of 2.94 and a beta of 1.45.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ADSK shares. JPMorgan Chase & Co. cut their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Piper Sandler boosted their price target on Autodesk from $357.00 to $361.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. UBS Group boosted their price target on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Robert W. Baird boosted their price target on Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $370.00 target price (up from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $337.45.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction 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 purchase, the director now directly owns 2,000 shares of the company's stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.15% of the company's stock.

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.