Jefferies Financial Group Inc. Purchases New Stake in Autodesk, Inc. (NASDAQ:ADSK)

Jefferies Financial Group Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,176 shares of the software company’s stock, valued at approximately $2,121,000.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Autodesk by 406.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock worth $849,858,000 after buying an additional 2,307,960 shares during the period. Norges Bank bought a new position in Autodesk during the fourth quarter worth about $632,566,000. Farallon Capital Management LLC bought a new position in Autodesk during the fourth quarter worth about $544,381,000. Franklin Resources Inc. increased its position in Autodesk by 45.1% during the fourth 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 during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Autodesk during the fourth quarter worth about $154,408,000. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were acquired at an average cost 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley lowered 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. Citigroup lowered their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Oppenheimer restated an “outperform” rating on shares of Autodesk in a research report on Thursday, April 24th. KeyCorp dropped their price target on Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, DA Davidson decreased their target price on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a 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.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $321.36.

Autodesk Trading Up 1.3%

Shares of ADSK stock opened at $297.01 on Wednesday. The firm has a market capitalization of $63.54 billion, a P/E ratio of 58.93, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $195.32 and a twelve 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 stock’s fifty day simple moving average is $265.01 and its 200 day simple moving average is $286.25.

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.