Jefferies Financial Group Inc. Acquires Shares of 7,176 Autodesk, Inc. (NASDAQ:ADSK)

Jefferies Financial Group Inc. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,176 shares of the software company's stock, valued at approximately $2,121,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gotham Asset Management LLC lifted its holdings in shares of Autodesk by 7.0% in the fourth quarter. Gotham Asset Management LLC now owns 3,103 shares of the software company's stock worth $917,000 after acquiring an additional 204 shares during the last quarter. Ellevest Inc. lifted its holdings in shares of Autodesk by 6.1% in the fourth quarter. Ellevest Inc. now owns 1,556 shares of the software company's stock worth $460,000 after acquiring an additional 90 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Autodesk by 3.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 26,837 shares of the software company's stock worth $7,932,000 after acquiring an additional 801 shares during the last quarter. Ethic Inc. lifted its holdings in shares of Autodesk by 8.7% in the fourth quarter. Ethic Inc. now owns 22,612 shares of the software company's stock worth $6,683,000 after acquiring an additional 1,814 shares during the last quarter. Finally, Farallon Capital Management LLC bought a new position in shares of Autodesk in the fourth quarter worth about $544,381,000. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Up 0.8%

Shares of ADSK traded up $2.30 during trading hours on Friday, reaching $298.08. The stock had a trading volume of 1,901,492 shares, compared to its average volume of 1,622,687. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm has a 50-day simple moving average of $267.62 and a 200 day simple moving average of $286.44. 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 company has a market capitalization of $63.77 billion, a price-to-earnings ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADSK. Stifel Nicolaus dropped their target price on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Scotiabank lowered their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Citigroup lowered their price objective on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Robert W. Baird upped their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $321.32.

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.