Autodesk, Inc. (NASDAQ:ADSK) Stake Raised by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,837 shares of the software company’s stock after purchasing an additional 801 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Autodesk were worth $7,932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC raised its position in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Autodesk in the fourth quarter worth about $30,000. Addison Advisors LLC raised its position in Autodesk by 157.4% in the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Autodesk in the fourth quarter worth about $39,000. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ADSK. Robert W. Baird cut their price objective on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Mizuho cut their price objective on Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Morgan Stanley cut their price objective on Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Macquarie restated an “outperform” rating and set a $360.00 price objective on shares of Autodesk in a report on Friday, February 28th. Finally, Scotiabank cut their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.36.

Autodesk Trading Up 1.3%

Shares of NASDAQ ADSK opened at $297.01 on Wednesday. The stock has a market cap of $63.54 billion, a price-to-earnings ratio of 58.93, a PEG ratio of 2.94 and a beta of 1.47. The business has a 50 day simple moving average of $265.01 and a 200 day simple moving average of $286.25. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Insider Activity at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the firm’s stock in a transaction 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 directly owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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.