Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,192 shares of the software company’s stock after buying an additional 2,351 shares during the quarter. Stifel Financial Corp owned about 0.06% of Autodesk worth $36,116,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of Autodesk by 164.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 227 shares of the software company’s stock valued at $63,000 after buying an additional 141 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in shares of Autodesk by 11.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 1,882 shares of the software company’s stock valued at $518,000 after buying an additional 188 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at about $3,923,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Autodesk during the third quarter worth about $4,751,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ADSK shares. Scotiabank lowered their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. KeyCorp dropped their target price on Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. UBS Group boosted their price target on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Bank of America increased their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on shares of Autodesk from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.36.

Autodesk Trading Up 1.3 %

Shares of NASDAQ:ADSK opened at $264.54 on Thursday. 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 market capitalization of $56.35 billion, a price-to-earnings ratio of 52.49, a PEG ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a 50 day moving average price of $265.57 and a 200 day moving average price of $286.59.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $534,200. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

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.