Autodesk, Inc. (NASDAQ:ADSK) Director John T. Cahill Buys 2,000 Shares

Autodesk, Inc. (NASDAQ:ADSK) Director John T. Cahill bought 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average price 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 of the company’s stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Autodesk Stock Up 1.4 %

Autodesk stock opened at $273.08 on Wednesday. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The firm has a market cap of $58.17 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The business’s 50-day moving average price is $285.41 and its 200 day moving average price is $288.33. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Barclays boosted their price target on Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. DA Davidson increased their price objective on shares of Autodesk from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Macquarie restated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $336.29.

Institutional Investors Weigh In On Autodesk

A number of hedge funds and other institutional investors have recently made changes to their positions in ADSK. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 406.8% during the fourth 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 in the last quarter. Norges Bank acquired a new position in shares of Autodesk in the fourth quarter worth about $632,566,000. Starboard Value LP purchased a new stake in shares of Autodesk during the 3rd quarter worth about $510,189,000. Farallon Capital Management LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at about $544,381,000. Finally, Janus Henderson Group PLC increased its stake in shares of Autodesk by 43.7% in the 4th quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company’s stock valued at $652,127,000 after purchasing an additional 670,699 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.