OV Management LLC Acquires 395 Shares of Autodesk, Inc. (NASDAQ:ADSK)

OV Management LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,020 shares of the software company’s stock after buying an additional 395 shares during the period. Autodesk makes up 1.0% of OV Management LLC’s investment portfolio, making the stock its 26th largest holding. OV Management LLC’s holdings in Autodesk were worth $2,075,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new position in Autodesk during the 4th quarter worth $632,566,000. Starboard Value LP bought a new position in shares of Autodesk during the third quarter valued at about $510,189,000. Franklin Resources Inc. boosted its holdings in Autodesk by 45.1% during the fourth quarter. Franklin Resources Inc. now owns 2,102,836 shares of the software company’s stock worth $621,535,000 after purchasing an additional 653,868 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Autodesk in the 4th quarter worth about $154,408,000. Finally, Raymond James Financial Inc. purchased a new stake in Autodesk in the 4th quarter valued at about $116,828,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several recent analyst reports. Morgan Stanley upped their target price on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their price target for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Macquarie reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Autodesk in a research report on Friday, February 28th. Citigroup reduced their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of Autodesk in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $261.80 on Tuesday. The company has a 50 day moving average of $283.42 and a 200 day moving average of $288.56. 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 stock has a market cap of $55.76 billion, a P/E ratio of 51.94, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the 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 transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the business’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 transaction, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. The trade was a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% 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.