Autodesk, Inc. (NASDAQ:ADSK) Director Buys $534,200.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Autodesk Price Performance

ADSK stock opened at $273.08 on Wednesday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $58.17 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The business has a fifty day moving average of $285.41 and a two-hundred day moving average of $288.33.

Institutional Trading of Autodesk

A number of hedge funds and other institutional investors have recently modified their holdings of ADSK. Mount Yale Investment Advisors LLC boosted its stake 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 buying an additional 35 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after acquiring an additional 35 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares during the period. Journey Strategic Wealth LLC increased its holdings in Autodesk by 4.6% in the 4th 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. raised its position in 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 period. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Macquarie reissued an “outperform” rating and set a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Bank of America raised their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research report on Friday, November 29th. Finally, Stifel Nicolaus lowered their target price on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $336.29.

About Autodesk

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.