Autodesk, Inc. (NASDAQ:ADSK) Stock Position Increased by Johnson Financial Group Inc.

Johnson Financial Group Inc. increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 30.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181 shares of the software company’s stock after acquiring an additional 42 shares during the quarter. Johnson Financial Group Inc.’s holdings in Autodesk were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADSK. Principal Financial Group Inc. grew its holdings in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after acquiring an additional 245,816 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Autodesk by 164.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 227 shares of the software company’s stock worth $63,000 after acquiring an additional 141 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Autodesk by 11.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 1,882 shares of the software company’s stock worth $518,000 after acquiring an additional 188 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Autodesk in the 3rd quarter worth $3,923,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Autodesk in the 3rd quarter worth $4,751,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the 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 completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was 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 owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADSK shares. Wells Fargo & Company reduced their price objective on Autodesk from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Macquarie reissued an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Scotiabank reduced their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. KeyCorp reduced their price target on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their price target on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.36.

Autodesk Trading Up 0.6 %

Shares of ADSK stock opened at $271.47 on Tuesday. 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 business’s 50 day moving average is $263.89 and its two-hundred day moving average is $286.65. The company has a market cap of $57.82 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49.

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.