Rep. Jefferson Shreve Buys Autodesk, Inc. (NASDAQ:ADSK) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of Autodesk, Inc. NASDAQ: ADSK. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Autodesk stock on April 17th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Autodesk Stock Up 0.5%

NASDAQ:ADSK traded up $1.51 during mid-day trading on Thursday, reaching $297.05. The company's stock had a trading volume of 588,823 shares, compared to its average volume of 1,614,893. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The stock has a fifty day moving average of $265.73 and a 200-day moving average of $286.31. The firm has a market capitalization of $63.55 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the business's stock in a transaction on 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at $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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Oppenheimer reaffirmed an "outperform" rating on shares of Autodesk in a report on Thursday, April 24th. DA Davidson reduced their target price on shares of Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their target price on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of "Moderate Buy" and a consensus price target of $321.36.

Institutional Trading of Autodesk

Large investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. increased its position in shares of Autodesk by 7.1% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,178 shares of the software company's stock worth $308,000 after purchasing an additional 78 shares during the last quarter. Panagora Asset Management Inc. raised its position in Autodesk by 1,069.8% in the 1st quarter. Panagora Asset Management Inc. now owns 39,070 shares of the software company's stock valued at $10,229,000 after purchasing an additional 35,730 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Autodesk by 75.1% in the first quarter. Vident Advisory LLC now owns 116,132 shares of the software company's stock valued at $30,403,000 after purchasing an additional 49,795 shares during the period. Evergreen Capital Management LLC raised its holdings in Autodesk by 10.6% during the first quarter. Evergreen Capital Management LLC now owns 1,476 shares of the software company's stock worth $386,000 after purchasing an additional 141 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Autodesk by 143.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 251,754 shares of the software company's stock worth $65,909,000 after purchasing an additional 148,484 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.