680 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 680 shares of the software company’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new position in shares of Autodesk during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC lifted its position in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in Autodesk during the 4th quarter valued at about $30,000. Addison Advisors LLC boosted its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $37,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Morgan Stanley lifted their price objective on Autodesk from $375.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and increased their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Scotiabank decreased their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Finally, KeyCorp increased their price target on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Eight 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $324.64.

Autodesk Price Performance

Shares of ADSK opened at $265.34 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market capitalization of $56.52 billion, a P/E ratio of 52.65, a P/E/G ratio of 2.94 and a beta of 1.49. The company has a 50 day moving average of $270.58 and a 200-day moving average of $287.15.

Insider Activity at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $534,200. This represents a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 2,452 shares of the firm’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 directly owns 3,003 shares of the company’s stock, valued at $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 owned by insiders.

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.