Sphera Management Technology Funds Ltd acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,500 shares of the software company's stock, valued at approximately $2,217,000. Autodesk comprises approximately 1.3% of Sphera Management Technology Funds Ltd's holdings, making the stock its 17th biggest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter worth $25,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% during the 4th 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 last quarter. Mizuho Securities Co. Ltd. acquired a new position in Autodesk during the 4th quarter valued at $30,000. Addison Advisors LLC raised its stake in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in Autodesk during the 4th quarter valued at $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction dated 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 directly owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.
Autodesk Price Performance
Shares of ADSK traded up $0.35 on Friday, hitting $295.35. The company's stock had a trading volume of 3,196,593 shares, compared to its average volume of 1,638,401. The company has a market capitalization of $63.19 billion, a PE ratio of 58.60, a PEG ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a 50 day moving average price of $271.64 and a 200 day moving average price of $286.69.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Macquarie reiterated an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. KeyCorp upped their target price on shares of Autodesk from $323.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $345.00 target price (up from $313.03) on shares of Autodesk in a research note on Friday. Finally, Wells Fargo & Company upped their target price on shares of Autodesk from $345.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday. Eight investment 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 has a consensus rating of "Moderate Buy" and a consensus target price of $337.18.
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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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