Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Polar Capital Holdings Plc

Polar Capital Holdings Plc increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 141.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,750 shares of the software company’s stock after buying an additional 18,600 shares during the period. Polar Capital Holdings Plc’s holdings in Autodesk were worth $9,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Autodesk by 3.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,028 shares of the software company’s stock valued at $895,000 after purchasing an additional 99 shares in the last quarter. Park Avenue Securities LLC increased its position in Autodesk by 56.4% during the fourth quarter. Park Avenue Securities LLC now owns 4,120 shares of the software company’s stock worth $1,218,000 after purchasing an additional 1,486 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 last quarter. Sendero Wealth Management LLC increased its position in shares of Autodesk by 3.6% in the fourth quarter. Sendero Wealth Management LLC now owns 12,455 shares of the software company’s stock worth $3,681,000 after acquiring an additional 429 shares in the last quarter. Finally, Sagace Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter worth $220,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. KeyCorp lowered their price target on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Scotiabank dropped their price objective on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price objective on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company cut their price objective on shares of Autodesk from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Macquarie reissued an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research note on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.36.

Autodesk Stock Performance

ADSK stock opened at $295.78 on Friday. 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 cap of $63.28 billion, a P/E ratio of 58.69, a P/E/G ratio of 2.94 and a beta of 1.47. The firm has a 50 day simple moving average of $266.67 and a 200 day simple moving average of $286.38. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

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.