Vident Advisory LLC Has $19.61 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Vident Advisory LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 885.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,337 shares of the software company’s stock after acquiring an additional 59,607 shares during the quarter. Vident Advisory LLC’s holdings in Autodesk were worth $19,607,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC boosted its position in shares of Autodesk by 100.0% during 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 in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk in the 4th quarter valued at $30,000. Addison Advisors LLC grew its holdings in shares of Autodesk by 157.4% in 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 during the period. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk in the 4th quarter valued at $39,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the transaction, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were acquired at an average cost 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 approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on Autodesk from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Citigroup decreased their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Oppenheimer reissued an “outperform” rating on shares of Autodesk in a research note on Thursday, April 24th. Morgan Stanley cut their price target on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, KeyCorp lowered their price objective on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.32.

Autodesk Price Performance

NASDAQ:ADSK opened at $298.08 on Monday. The stock has a market capitalization of $63.77 billion, a PE ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a fifty day simple moving average of $267.62 and a 200 day simple moving average of $286.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.