Itau Unibanco Holding S.A. Buys 164 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Itau Unibanco Holding S.A. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 381.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207 shares of the software company’s stock after acquiring an additional 164 shares during the period. Itau Unibanco Holding S.A.’s holdings in Autodesk were worth $61,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its position in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares during the period. Y.D. More Investments Ltd boosted its holdings in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares during the period. Grove Bank & Trust grew its position in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC increased its holdings in shares of Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after buying an additional 38 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.3 %

NASDAQ:ADSK opened at $273.49 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm’s 50 day simple moving average is $263.07 and its 200 day simple moving average is $286.38. The company has a market cap of $58.25 billion, a PE ratio of 54.26, a P/E/G ratio of 2.94 and a beta of 1.49.

Insider Transactions at Autodesk

In related news, Director John T. Cahill bought 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares in the company, valued at $802,671.87. This trade represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on ADSK shares. JPMorgan Chase & Co. lowered their price objective on Autodesk from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird decreased their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Morgan Stanley decreased their target price 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. Finally, DA Davidson reduced their price target on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $321.36.

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.