Vident Advisory LLC Buys 59,607 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Vident Advisory LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 885.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,337 shares of the software company's stock after acquiring an additional 59,607 shares during the quarter. Vident Advisory LLC's holdings in Autodesk were worth $19,607,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Sphera Management Technology Funds Ltd purchased a new position in shares of Autodesk in the fourth quarter valued at about $2,217,000. Waters Parkerson & CO. LLC purchased a new position in shares of Autodesk in the fourth quarter valued at about $217,000. Triglav Skladi D.O.O. purchased a new position in shares of Autodesk during the fourth quarter valued at about $633,000. Tybourne Capital Management HK Ltd. increased its position in shares of Autodesk by 1,800.3% during the fourth quarter. Tybourne Capital Management HK Ltd. now owns 129,826 shares of the software company's stock valued at $38,373,000 after buying an additional 122,994 shares during the period. Finally, Tairen Capital Ltd increased its position in shares of Autodesk by 1,180.0% during the fourth quarter. Tairen Capital Ltd now owns 25,600 shares of the software company's stock valued at $7,567,000 after buying an additional 23,600 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ADSK shares. Bank of America boosted their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Oppenheimer reiterated an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price target on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price target on shares of Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $323.59.

Insider Transactions at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction dated 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 completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the chief accounting officer now 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 Stock Down 1.0%

Shares of NASDAQ ADSK traded down $2.91 during midday trading on Wednesday, hitting $292.93. The stock had a trading volume of 1,831,081 shares, compared to its average volume of 1,628,039. The business's 50 day moving average is $270.25 and its 200-day moving average is $286.61. The company has a market cap of $62.67 billion, a P/E ratio of 58.12, a PEG ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.