Triglav Skladi D.O.O. Buys New Shares in Autodesk, Inc. (NASDAQ:ADSK)

Triglav Skladi D.O.O. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,140 shares of the software company’s stock, valued at approximately $633,000.

A number of other institutional investors also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC lifted its holdings in Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after buying an additional 35 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after buying an additional 35 shares during the last quarter. Grove Bank & Trust lifted its holdings in 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 buying an additional 37 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after buying an additional 37 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in Autodesk by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company’s stock worth $320,000 after buying an additional 39 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADSK. DA Davidson decreased their price target on Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Barclays reduced their target price on Autodesk from $365.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, April 11th. KeyCorp reduced their target price on Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Finally, UBS Group boosted their target price on Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.32.

Autodesk Stock Performance

NASDAQ ADSK opened at $298.08 on Monday. 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 business’s 50 day moving average is $267.62 and its two-hundred day moving average is $286.44. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $63.77 billion, a price-to-earnings ratio of 59.14, a PEG ratio of 2.94 and a beta of 1.47.

Insiders Place Their Bets

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 stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.

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.