SIH Partners LLLP Acquires Shares of 4,000 Autodesk, Inc. (NASDAQ:ADSK)

SIH Partners LLLP purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,000 shares of the software company's stock, valued at approximately $1,182,000.

Several other institutional investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in shares of Autodesk by 406.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after buying an additional 2,307,960 shares during the last quarter. Norges Bank acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $632,566,000. Franklin Resources Inc. boosted its holdings in shares of Autodesk by 45.1% in the 4th quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company's stock valued at $621,535,000 after buying an additional 653,868 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $154,408,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $116,828,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Price Performance

NASDAQ:ADSK traded down $1.78 during trading hours on Friday, hitting $269.93. The company's stock had a trading volume of 1,308,090 shares, compared to its average volume of 1,637,694. The stock has a fifty day simple moving average of $264.44 and a 200-day simple moving average of $286.72. The company has a market capitalization of $57.50 billion, a P/E ratio of 53.56, a PEG ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird cut their price objective on Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a report on Friday, February 28th. UBS Group raised their price target on Autodesk from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. KeyCorp cut their price target on Autodesk from $335.00 to $323.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Bank of America raised their price target on Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.36.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now directly 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. 0.14% of the stock is currently owned by corporate 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.