Goodman Advisory Group LLC Has $3.54 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Goodman Advisory Group LLC lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,960 shares of the software company’s stock after selling 1,955 shares during the period. Goodman Advisory Group LLC’s holdings in Autodesk were worth $3,535,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its stake in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after purchasing an additional 5,365 shares during the period. Brookstone Capital Management raised its position in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Autodesk in the 4th quarter valued at approximately $13,906,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Autodesk by 25.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock worth $88,711,000 after acquiring an additional 60,963 shares in the last quarter. Finally, GAM Holding AG bought a new stake in shares of Autodesk in the fourth quarter worth $3,453,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill purchased 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 approximately $534,200. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred 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 in the company, valued at $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. Insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.3 %

Shares of ADSK opened at $259.47 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $55.27 billion, a PE ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49. The firm’s 50 day moving average is $268.85 and its 200-day moving average is $286.85. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several analyst reports. Scotiabank cut their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. UBS Group raised their price target on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Morgan Stanley dropped their price objective on Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a research note on Wednesday. DA Davidson lowered their target price on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Robert W. Baird dropped their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $321.59.

Autodesk Company 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.