OV Management LLC Purchases 395 Shares of Autodesk, Inc. (NASDAQ:ADSK)

OV Management LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,020 shares of the software company’s stock after acquiring an additional 395 shares during the quarter. Autodesk accounts for approximately 1.0% of OV Management LLC’s holdings, making the stock its 26th biggest holding. OV Management LLC’s holdings in Autodesk were worth $2,075,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Autodesk by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock valued at $6,025,331,000 after purchasing an additional 119,034 shares during the last quarter. State Street Corp boosted its holdings in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the period. Geode Capital Management LLC grew its holdings in shares of Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after purchasing an additional 45,623 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Norges Bank bought a new position in Autodesk during the 4th quarter valued at approximately $632,566,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $261.80 on Tuesday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a market capitalization of $55.76 billion, a P/E ratio of 51.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The firm has a 50 day moving average of $283.42 and a 200 day moving average of $288.56. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADSK shares. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Scotiabank decreased their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. DA Davidson raised their price objective on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Barclays upped their target price on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Citigroup dropped their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

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.