Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,579 shares of the software company's stock after acquiring an additional 3,966 shares during the quarter. Quantinno Capital Management LP's holdings in Autodesk were worth $13,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Miracle Mile Advisors LLC boosted its stake in shares of Autodesk by 34.3% in the 4th quarter. Miracle Mile Advisors LLC now owns 3,652 shares of the software company's stock valued at $1,079,000 after buying an additional 933 shares during the period. Marcum Wealth LLC boosted its stake in shares of Autodesk by 6.2% in the 4th quarter. Marcum Wealth LLC now owns 1,324 shares of the software company's stock valued at $391,000 after buying an additional 77 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of Autodesk by 3.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,028 shares of the software company's stock valued at $895,000 after buying an additional 99 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Autodesk by 56.4% in the 4th quarter. Park Avenue Securities LLC now owns 4,120 shares of the software company's stock valued at $1,218,000 after buying an additional 1,486 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after buying an additional 38 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased 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. UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company decreased their price objective on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Oppenheimer restated an "outperform" rating on shares of Autodesk in a research note on Thursday, April 24th. Finally, Mizuho decreased their target price on Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.32.

Autodesk Stock Performance

NASDAQ ADSK traded up $2.30 on Friday, reaching $298.08. The stock had a trading volume of 1,901,492 shares, compared to its average volume of 1,622,887. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The business's 50-day moving average price is $267.62 and its 200 day moving average price is $286.42. The stock has a market cap of $63.77 billion, a P/E ratio of 59.14, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 2,452 shares of the business'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 value of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

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.