Susquehanna Fundamental Investments LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 88,521 shares of the software company's stock, valued at approximately $26,164,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC boosted its position in Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd grew its stake in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock valued at $1,000,000 after buying an additional 35 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after acquiring an additional 37 shares during the period. Journey Strategic Wealth LLC grew its position in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock valued at $247,000 after purchasing an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company's stock valued at $106,000 after purchasing an additional 38 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ADSK shares. DA Davidson reduced their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Rosenblatt Securities restated a "buy" rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Barclays dropped their price objective on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Oppenheimer restated an "outperform" rating on shares of Autodesk in a research report on Thursday, April 24th. Finally, Morgan Stanley reduced their price target on Autodesk from $385.00 to $330.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.36.

Autodesk Trading Up 0.5 %

Shares of NASDAQ:ADSK traded up $1.36 during trading on Wednesday, reaching $274.25. The stock had a trading volume of 1,223,780 shares, compared to its average volume of 1,022,578. Autodesk, Inc. has a 52 week low of $267.40 and a 52 week high of $274.78. The firm's fifty day moving average is $263.52 and its 200 day moving average is $286.55. The stock has a market cap of $58.42 billion, a price-to-earnings ratio of 54.41, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Insider Transactions at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was purchased 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 owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the 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 completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.