Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,611 shares of the software company’s stock after selling 163 shares during the period. Fourpath Capital Management LLC’s holdings in Autodesk were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its position in Autodesk by 58.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,837 shares of the software company’s stock worth $1,266,000 after purchasing an additional 1,785 shares during the period. Yousif Capital Management LLC increased its position in Autodesk by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 26,112 shares of the software company’s stock worth $6,836,000 after purchasing an additional 125 shares during the period. Pallas Capital Advisors LLC acquired a new position in Autodesk during the 1st quarter worth approximately $898,000. CHICAGO TRUST Co NA increased its position in Autodesk by 5.0% during the 1st quarter. CHICAGO TRUST Co NA now owns 3,198 shares of the software company’s stock worth $837,000 after purchasing an additional 153 shares during the period. Finally, Range Financial Group LLC increased its position in Autodesk by 8.6% during the 1st quarter. Range Financial Group LLC now owns 1,014 shares of the software company’s stock worth $265,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, 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. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ADSK. DA Davidson set a $305.00 price target on Autodesk and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Rosenblatt Securities reissued a “buy” rating and set a $340.00 price target on shares of Autodesk in a research note on Tuesday, May 20th. Wells Fargo & Company reissued an “overweight” rating and set a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. Robert W. Baird boosted their price target on Autodesk from $303.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Oppenheimer reissued an “outperform” rating and set a $350.00 price target (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $337.45.

Autodesk Trading Down 0.2%

Shares of Autodesk stock opened at $297.21 on Tuesday. Autodesk, Inc. has a fifty-two week low of $205.86 and a fifty-two week high of $326.62. The firm has a market cap of $63.60 billion, a PE ratio of 58.97, a P/E/G ratio of 2.94 and a beta of 1.45. The business’s fifty day moving average is $278.27 and its two-hundred day moving average is $285.57. 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 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.