Conquis Financial LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Conquis Financial LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,600 shares of the software company’s stock, valued at approximately $473,000. Autodesk comprises approximately 0.5% of Conquis Financial LLC’s portfolio, making the stock its 14th largest position.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock worth $849,858,000 after purchasing an additional 2,307,960 shares in the last quarter. Norges Bank bought a new position in Autodesk in the fourth quarter worth approximately $632,566,000. Franklin Resources Inc. grew its stake in Autodesk by 45.1% in the fourth quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company’s stock valued at $621,535,000 after acquiring an additional 653,868 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Autodesk during the fourth quarter valued at approximately $154,408,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Autodesk during the fourth quarter worth approximately $116,828,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 2,000 shares of the company’s stock, 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 is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was 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 approximately $802,671.87. This trade 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 corporate insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $257.15 on Friday. The company has a market capitalization of $54.77 billion, a P/E ratio of 51.02, a P/E/G ratio of 2.94 and a beta of 1.51. The business has a fifty day simple moving average of $281.22 and a two-hundred day simple moving average of $288.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ADSK shares. Robert W. Baird reduced their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. UBS Group lifted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Barclays raised their price target on shares of Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. KeyCorp boosted their price objective on Autodesk from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Morgan Stanley raised their target price on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.