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 that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Autodesk Trading Down 0.7 %

Shares of Autodesk stock opened at $271.21 on Thursday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a market capitalization of $57.77 billion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $285.01 and its two-hundred day moving average price is $288.21.

Institutional Trading of Autodesk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new position in shares of Autodesk during the 4th quarter worth approximately $29,000. Tradewinds Capital Management LLC boosted its stake in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk in the 4th quarter valued at $30,000. Finally, Addison Advisors LLC grew its position in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Citigroup reduced their target price on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a report on Thursday, February 27th. DA Davidson increased their price target on Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Morgan Stanley boosted their price objective on shares of Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Macquarie reiterated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.