GKV Capital Management Co. Inc. Invests $60,000 in Autodesk, Inc. (NASDAQ:ADSK)

GKV Capital Management Co. Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 204 shares of the software company’s stock, valued at approximately $60,000.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock valued at $849,858,000 after purchasing an additional 2,307,960 shares during the period. Norges Bank acquired a new stake in shares of Autodesk during the 4th quarter valued at approximately $632,566,000. Franklin Resources Inc. boosted its stake in shares of Autodesk by 45.1% during the 4th quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company’s stock worth $621,535,000 after acquiring an additional 653,868 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Autodesk in the 4th quarter worth approximately $154,408,000. Finally, Raymond James Financial Inc. purchased a new position in Autodesk in the 4th quarter valued at approximately $116,828,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of several research reports. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Scotiabank dropped their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Bank of America increased their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus cut their price objective on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $321.59.

Insider Activity

In other news, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were 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 of the company’s stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $259.47 on Friday. The company has a market cap of $55.27 billion, a PE ratio of 51.48, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. 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 stock has a 50-day moving average price of $268.85 and a two-hundred day moving average price of $286.85. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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.