John T. Cahill Acquires 2,000 Shares of Autodesk, Inc. (NASDAQ:ADSK) Stock

Autodesk, Inc. (NASDAQ:ADSK) Director John T. Cahill acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Autodesk Price Performance

Shares of ADSK opened at $271.21 on Thursday. The business’s 50-day moving average is $285.01 and its 200-day moving average is $288.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $57.77 billion, a price-to-earnings ratio of 53.81, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Macquarie restated an “outperform” rating and issued a $360.00 target price on shares of Autodesk in a research report on Friday, February 28th. Scotiabank dropped their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of Autodesk in a report on Tuesday, February 25th. Finally, UBS Group boosted their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Seven 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 has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the 4th quarter valued at $25,000. Investment Management Corp VA ADV acquired a new stake in Autodesk during the fourth quarter valued at $29,000. Tradewinds Capital Management LLC grew its stake in Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Autodesk in the fourth quarter valued at about $30,000. Finally, Addison Advisors LLC raised its stake in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

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.