denkapparat Operations GmbH Acquires Shares of 1,024 Autodesk, Inc. (NASDAQ:ADSK)

denkapparat Operations GmbH purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,024 shares of the software company’s stock, valued at approximately $303,000.

A number of other hedge funds also recently made changes to their positions in ADSK. Golden State Wealth Management LLC purchased a new position in Autodesk during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its stake in shares of 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 purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in Autodesk in the fourth quarter valued at about $30,000. Addison Advisors LLC grew its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk in the 4th quarter valued at $37,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays boosted their price objective on Autodesk from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Stifel Nicolaus dropped their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. 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 note on Monday, March 17th. Finally, DA Davidson upped their target price on shares of Autodesk from $275.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Insiders Place Their Bets

In related news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

Autodesk stock opened at $269.81 on Friday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company’s 50-day moving average price is $284.61 and its 200-day moving average price is $288.08. The company has a market cap of $57.47 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. 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 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.