Sivia Capital Partners LLC Purchases New Position in Autodesk, Inc. (NASDAQ:ADSK)

Sivia Capital Partners LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,248 shares of the software company's stock, valued at approximately $327,000.

Other hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $13,906,000. GAM Holding AG acquired a new stake in Autodesk during the 4th quarter worth approximately $3,453,000. Paradigm Asset Management Co. LLC acquired a new stake in Autodesk during the 4th quarter worth approximately $443,000. Alberta Investment Management Corp acquired a new stake in Autodesk during the 4th quarter worth approximately $2,453,000. Finally, RWC Asset Management LLP acquired a new stake in Autodesk during the 4th quarter worth approximately $4,015,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research analyst reports. BMO Capital Markets raised their target price on shares of Autodesk from $324.00 to $333.00 and gave the stock a "market perform" rating in a report on Friday, May 23rd. DA Davidson set a $305.00 target price on shares of Autodesk and gave the stock a "neutral" rating in a report on Friday, May 23rd. Barclays raised their target price on shares of Autodesk from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Stifel Nicolaus lifted their price objective on shares of Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $360.00 price objective (up from $345.00) 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.45.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company's stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $297.86 on Monday. Autodesk, Inc. has a 1-year low of $205.86 and a 1-year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $277.69 and a 200 day simple moving average of $285.74. The stock has a market capitalization of $63.74 billion, a PE ratio of 59.10, a P/E/G ratio of 2.94 and a beta of 1.45.

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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