State of Wyoming Grows Holdings in Autodesk, Inc. (NASDAQ:ADSK)

State of Wyoming grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 152.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 920 shares of the software company’s stock after purchasing an additional 555 shares during the quarter. State of Wyoming’s holdings in Autodesk were worth $272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Merit Financial Group LLC boosted its position in Autodesk by 84.2% during the fourth quarter. Merit Financial Group LLC now owns 1,728 shares of the software company’s stock worth $511,000 after acquiring an additional 790 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Autodesk during the fourth quarter worth $210,000. Atomi Financial Group Inc. boosted its holdings in shares of Autodesk by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 2,179 shares of the software company’s stock worth $644,000 after purchasing an additional 102 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Autodesk in the fourth quarter valued at $206,000. Finally, Nisa Investment Advisors LLC increased its stake in Autodesk by 4.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 51,715 shares of the software company’s stock valued at $15,285,000 after purchasing an additional 2,119 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $295.00 on Friday. The business’s 50-day simple moving average is $270.94 and its 200 day simple moving average is $286.66. The company has a market cap of $63.11 billion, a P/E ratio of 58.53, a PEG ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Insiders Place Their Bets

In other 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. KeyCorp decreased their price target on Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley cut their price objective on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Oppenheimer reissued an “outperform” rating on shares of Autodesk in a research report on Friday. Bank of America boosted their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, DA Davidson cut their price target on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $323.59.

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.