CoreCap Advisors LLC Has $46,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

CoreCap Advisors LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 212.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156 shares of the software company’s stock after buying an additional 106 shares during the quarter. CoreCap Advisors LLC’s holdings in Autodesk were worth $46,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after buying an additional 5,365 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Autodesk during the fourth quarter worth approximately $13,906,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Autodesk by 25.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock worth $88,711,000 after buying an additional 60,963 shares during the last quarter. GAM Holding AG acquired a new position in shares of Autodesk during the fourth quarter worth approximately $3,453,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Autodesk by 8.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company’s stock worth $38,205,000 after buying an additional 9,877 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of ADSK stock opened at $295.54 on Thursday. The stock’s fifty day moving average is $265.73 and its 200-day moving average is $286.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $63.23 billion, a PE ratio of 58.64, a PEG ratio of 2.94 and a beta of 1.47. 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 subject of a number of research analyst reports. KeyCorp cut their price target on Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Morgan Stanley cut their target price on Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays cut their target price on Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Stifel Nicolaus cut their target price on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Macquarie restated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $321.36.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the transaction, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was purchased 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 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 disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

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.