Autodesk, Inc. (NASDAQ:ADSK) Director Buys $534,200.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Autodesk Stock Performance

Shares of ADSK stock opened at $269.19 on Tuesday. 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 company has a market cap of $57.34 billion, a PE ratio of 53.41, a P/E/G ratio of 2.94 and a beta of 1.51. The company’s fifty day simple moving average is $285.68 and its 200-day simple moving average is $288.17. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent research reports. Scotiabank reduced their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. BMO Capital Markets raised their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Barclays raised their target price on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Morgan Stanley boosted their price target on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $25,000. Investment Management Corp VA ADV acquired a new stake in Autodesk in the fourth quarter valued at approximately $29,000. Tradewinds Capital Management LLC raised its stake in shares of Autodesk by 100.0% during the fourth 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 shares of Autodesk during the fourth quarter worth $30,000. Finally, Addison Advisors LLC boosted its stake in shares of Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

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.