Forum Financial Management LP Buys 87 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Forum Financial Management LP raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 9.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,002 shares of the software company’s stock after buying an additional 87 shares during the period. Forum Financial Management LP’s holdings in Autodesk were worth $296,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Mount Yale Investment Advisors LLC increased its holdings in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after purchasing an additional 35 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after buying an additional 35 shares during the last quarter. Grove Bank & Trust grew its holdings in Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after acquiring an additional 37 shares during the last quarter. Journey Strategic Wealth LLC increased its position in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DA Davidson cut their target price on Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. KeyCorp reduced their price objective on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Macquarie restated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a report on Friday, February 28th. Finally, Morgan Stanley lowered their price objective on Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.59.

Autodesk Stock Performance

Shares of Autodesk stock opened at $254.27 on Tuesday. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $267.18 and a 200-day moving average price of $286.92. The company has a market cap of $54.16 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49.

Insider Buying and Selling

In other news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The stock was purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $534,200. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $655,395.08. Following the transaction, the chief accounting officer now owns 3,003 shares in the company, 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 currently owned by corporate insiders.

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.