Tower Research Capital LLC TRC Purchases 13,579 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Tower Research Capital LLC TRC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 151.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,549 shares of the software company's stock after buying an additional 13,579 shares during the quarter. Tower Research Capital LLC TRC's holdings in Autodesk were worth $6,665,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its position in shares of Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Brookstone Capital Management boosted its position in Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after purchasing an additional 26,768 shares during the period. Union Bancaire Privee UBP SA bought a new position in Autodesk during the 4th quarter worth $13,906,000. Robeco Institutional Asset Management B.V. increased its position in Autodesk by 25.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock worth $88,711,000 after buying an additional 60,963 shares during the period. Finally, GAM Holding AG bought a new stake in Autodesk in the fourth quarter valued at $3,453,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 0.7 %

ADSK traded down $1.78 on Friday, hitting $269.93. 1,308,090 shares of the company were exchanged, compared to its average volume of 1,636,255. The stock's fifty day moving average is $264.44 and its 200-day moving average is $286.59. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $57.50 billion, a PE ratio of 53.56, a PEG ratio of 2.94 and a beta of 1.49.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction 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 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. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ADSK has been the subject of a number of analyst reports. Macquarie reissued an "outperform" rating and set a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Morgan Stanley decreased their target price on shares of Autodesk from $385.00 to $330.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $321.36.

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.