Teza Capital Management LLC Takes Position in Autodesk, Inc. $ADSK

Key Points

• Teza Capital Management LLC acquired 1,588 shares of Autodesk, valued at approximately $416,000, signaling new interest in the software company's stock.
• Institutional investors own a substantial 90.24% of Autodesk's stock, with several firms such as Brighton Jones LLC and Baird Financial Group Inc. increasing their holdings recently.
• Analysts have largely rated Autodesk with a "Buy" or "Outperform," with price targets ranging from $355.00 to $393.00, reflecting positive market sentiment toward the company's future performance.

Teza Capital Management LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,588 shares of the software company's stock, valued at approximately $416,000.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp raised its position in Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company's stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new stake in Autodesk during the first quarter valued at about $26,000. Close Asset Management Ltd purchased a new stake in Autodesk during the first quarter valued at about $27,000. Cheviot Value Management LLC purchased a new stake in Autodesk during the first quarter valued at about $27,000. Finally, Investment Management Corp VA ADV purchased a new stake in Autodesk during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Trading Up 0.2%

Shares of NASDAQ ADSK traded up $0.72 during mid-day trading on Thursday, hitting $324.52. The stock had a trading volume of 1,483,580 shares, compared to its average volume of 1,624,200. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The business has a 50 day moving average price of $300.14 and a two-hundred day moving average price of $286.15. The firm has a market cap of $69.12 billion, a P/E ratio of 67.19, a price-to-earnings-growth ratio of 2.88 and a beta of 1.49.

Insiders Place Their Bets

In other news, EVP Ruth Ann Keene sold 2,761 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company's stock, valued at approximately $25,288,350.50. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rebecca Pearce sold 6,129 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares in the company, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,860 shares of company stock valued at $14,045,061 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup lifted their target price on shares of Autodesk from $376.00 to $393.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. UBS Group lifted their target price on shares of Autodesk from $370.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. The Goldman Sachs Group lifted their target price on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Stifel Nicolaus lifted their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Barclays lifted their target price on shares of Autodesk from $355.00 to $385.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $356.83.

Autodesk Profile

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.