Granite Investment Partners LLC Buys 4,528 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Granite Investment Partners LLC grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,457 shares of the software company’s stock after buying an additional 4,528 shares during the period. Granite Investment Partners LLC’s holdings in Autodesk were worth $9,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Advisors Capital Management LLC grew its holdings in Autodesk by 37.8% during the fourth quarter. Advisors Capital Management LLC now owns 1,009 shares of the software company’s stock valued at $298,000 after purchasing an additional 277 shares during the period. Sagespring Wealth Partners LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $509,000. Townsquare Capital LLC increased its position in shares of Autodesk by 15.8% in the 4th quarter. Townsquare Capital LLC now owns 46,856 shares of the software company’s stock valued at $13,849,000 after buying an additional 6,401 shares in the last quarter. Crux Wealth Advisors acquired a new stake in Autodesk during the 4th quarter worth $442,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Autodesk by 18.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 30,647 shares of the software company’s stock worth $9,046,000 after acquiring an additional 4,690 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the company’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 completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ADSK shares. JPMorgan Chase & Co. lowered their price target on Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Wednesday. Macquarie restated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Bank of America lifted their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Barclays lowered their price objective on shares of Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Robert W. Baird cut their price objective on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $327.82.

Autodesk Trading Up 0.6 %

Autodesk stock opened at $258.45 on Friday. 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 stock has a 50-day simple moving average of $272.44 and a 200 day simple moving average of $287.28. The stock has a market capitalization of $55.05 billion, a P/E ratio of 51.28, a PEG 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.

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.