Tidal Investments LLC Has $24.45 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Tidal Investments LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,707 shares of the software company's stock after buying an additional 5,699 shares during the period. Tidal Investments LLC's holdings in Autodesk were worth $24,446,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC lifted its position 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 valued at $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Autodesk during the fourth quarter worth approximately $30,000. Addison Advisors LLC increased its stake in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company's stock worth $36,000 after purchasing an additional 74 shares during the period. Finally, Sierra Ocean LLC bought a new position in shares of Autodesk during the fourth quarter worth approximately $39,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of NASDAQ ADSK traded down $2.91 during mid-day trading on Wednesday, hitting $292.93. 1,831,081 shares of the stock traded hands, compared to its average volume of 1,628,039. 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 twelve month low of $195.32 and a twelve month high of $326.62. The company has a market cap of $62.67 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The firm has a 50 day simple moving average of $269.48 and a two-hundred day simple moving average of $286.57.

Insider Activity at Autodesk

In other news, Director John T. Cahill acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were bought 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value 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 trade represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADSK. DA Davidson lowered their target price on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Citigroup increased their target price on Autodesk from $346.00 to $374.00 and gave the stock a "buy" rating in a research note on Tuesday. Oppenheimer reiterated an "outperform" rating on shares of Autodesk in a research note on Thursday, April 24th. Finally, Mizuho lowered their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $323.59.

Autodesk Company 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.