Seaview Investment Managers LLC Buys Shares of 1,205 Autodesk, Inc. (NASDAQ:ADSK)

Seaview Investment Managers LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,205 shares of the software company’s stock, valued at approximately $356,000.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC boosted its stake in shares of Autodesk by 100.0% during the 4th 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 position in shares of Autodesk in the 4th quarter valued at approximately $30,000. Addison Advisors LLC lifted its holdings in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk during the fourth quarter valued at approximately $37,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction dated Friday, March 21st. The stock was bought 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 approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief accounting officer now directly owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on ADSK. JPMorgan Chase & Co. dropped their target price 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. Stifel Nicolaus lowered their target price on Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. KeyCorp dropped their target price on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Tuesday, February 25th. Finally, Morgan Stanley cut their price target on Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.59.

Autodesk Price Performance

ADSK opened at $259.47 on Friday. The stock has a market cap of $55.27 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $268.04 and a 200 day simple moving average of $286.91.

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.