Vident Advisory LLC Buys 59,607 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Vident Advisory LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 885.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,337 shares of the software company’s stock after buying an additional 59,607 shares during the period. Vident Advisory LLC’s holdings in Autodesk were worth $19,607,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC lifted its position in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk during the fourth quarter worth $30,000. Addison Advisors LLC boosted its stake in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Autodesk in the 4th quarter valued at $39,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk 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 sale, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 0.8%

NASDAQ:ADSK opened at $298.08 on Monday. The company has a market cap of $63.77 billion, a price-to-earnings ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average price is $267.62 and its two-hundred day moving average price is $286.44. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Analysts Set New Price Targets

ADSK has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Morgan Stanley cut their price target on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Oppenheimer reissued an “outperform” rating on shares of Autodesk in a report on Thursday, April 24th. Finally, Macquarie restated an “outperform” rating and set a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.32.

About Autodesk

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.