Seaview Investment Managers LLC Buys New Position in Autodesk, Inc. (NASDAQ:ADSK)

Seaview Investment Managers LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,205 shares of the software company's stock, valued at approximately $356,000.

A number of other hedge funds have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC bought a new position in Autodesk during the fourth quarter worth $25,000. Tradewinds Capital Management LLC lifted its stake in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk during the 4th quarter worth about $30,000. Addison Advisors LLC grew its stake in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Autodesk in the 4th quarter valued at about $37,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Down 0.7 %

Shares of Autodesk stock traded down $1.77 during trading on Friday, hitting $269.94. The company's stock had a trading volume of 488,776 shares, compared to its average volume of 1,635,456. The stock has a market cap of $57.50 billion, a price-to-earnings ratio of 53.60, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a 50-day moving average price of $264.95 and a two-hundred day moving average price of $286.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research analyst reports. Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Morgan Stanley decreased their price objective on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company dropped their target price on Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday. Mizuho reduced their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $321.36.

Insiders Place Their Bets

In related 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 cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

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.