Sivia Capital Partners LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Sivia Capital Partners LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, HoldingsChannel.com reports. The firm bought 1,248 shares of the software company’s stock, valued at approximately $327,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after purchasing an additional 147 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Autodesk in the fourth quarter valued at about $13,906,000. Stratos Wealth Partners LTD. raised its stake in Autodesk by 4.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,281 shares of the software company’s stock valued at $379,000 after purchasing an additional 59 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Autodesk by 1.3% in the fourth quarter. Bleakley Financial Group LLC now owns 3,559 shares of the software company’s stock valued at $1,052,000 after purchasing an additional 47 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Autodesk in the fourth quarter valued at about $2,973,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. KeyCorp reaffirmed an “overweight” rating and issued a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. JPMorgan Chase & Co. dropped their price target on Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Scotiabank lowered their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Morgan Stanley reissued an “overweight” rating and set a $370.00 target price (up previously from $330.00) on shares of Autodesk in a research note on Friday, May 23rd. Finally, Robert W. Baird boosted their target price on Autodesk from $303.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $337.45.

Autodesk Stock Performance

Autodesk stock opened at $297.86 on Monday. The business has a 50 day moving average of $277.69 and a 200-day moving average of $285.74. Autodesk, Inc. has a 1 year low of $205.86 and a 1 year high of $326.62. 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 $63.74 billion, a P/E ratio of 59.10, a P/E/G ratio of 2.94 and a beta of 1.45.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This represents a 44.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the firm’s 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 transaction, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.

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.