Insigneo Advisory Services LLC Increases Position in Autodesk, Inc. (NASDAQ:ADSK)

Insigneo Advisory Services LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,042 shares of the software company’s stock after buying an additional 96 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Autodesk were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new stake in Autodesk in the fourth quarter worth $25,000. Tradewinds Capital Management LLC grew its holdings in shares of 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 last quarter. Mizuho Securities Co. Ltd. purchased a new position in Autodesk in the 4th quarter worth about $30,000. Addison Advisors LLC lifted its holdings in Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Autodesk in the 4th quarter worth about $37,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

ADSK opened at $259.47 on Friday. The firm’s 50-day moving average price is $268.04 and its 200-day moving average price is $286.80. The company has a market cap of $55.27 billion, a P/E ratio of 51.48, a price-to-earnings-growth ratio of 2.94 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Insider Buying and Selling at Autodesk

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ADSK shares. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Oppenheimer dropped their price target on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. DA Davidson decreased their price objective on Autodesk from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, April 14th. UBS Group increased their target price on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Stifel Nicolaus reduced their price target on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.59.

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.