Seven Eight Capital LP Buys New Position in Autodesk, Inc. (NASDAQ:ADSK)

Seven Eight Capital LP acquired a new position in Autodesk, Inc. (NASDAQ:ADSKFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,505 shares of the software company’s stock, valued at approximately $1,097,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Norges Bank purchased a new stake in shares of Autodesk during the fourth quarter valued at approximately $619,404,000. Meritage Group LP bought a new position in shares of Autodesk during the third quarter valued at about $170,972,000. Cantillon Capital Management LLC boosted its holdings in shares of Autodesk by 35.1% during the fourth quarter. Cantillon Capital Management LLC now owns 1,702,608 shares of the software company’s stock worth $414,551,000 after purchasing an additional 442,005 shares during the period. Baillie Gifford & Co. grew its stake in shares of Autodesk by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock worth $321,910,000 after purchasing an additional 429,071 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its holdings in Autodesk by 349.8% during the 4th quarter. Morningstar Investment Services LLC now owns 491,224 shares of the software company’s stock valued at $120,306,000 after purchasing an additional 382,026 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Up 0.1 %

ADSK opened at $216.05 on Monday. The stock has a market capitalization of $46.55 billion, a price-to-earnings ratio of 51.32, a PEG ratio of 2.93 and a beta of 1.43. The firm has a 50 day moving average price of $221.58 and a 200-day moving average price of $237.28. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, March 15th. The stock was sold at an average price of $256.66, for a total value of $141,163.00. Following the completion of the sale, the director now owns 33,216 shares of the company’s stock, valued at $8,525,218.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Deborah Clifford sold 5,553 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the transaction, the chief financial officer now directly owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, March 15th. The shares were sold at an average price of $256.66, for a total value of $141,163.00. Following the transaction, the director now owns 33,216 shares in the company, valued at $8,525,218.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,988 shares of company stock worth $7,534,941. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADSK. Piper Sandler Companies upped their target price on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. The Goldman Sachs Group lifted their target price on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Robert W. Baird lowered their price objective on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Mizuho reduced their target price on Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, June 4th. Finally, Piper Sandler dropped their price target on Autodesk from $260.00 to $239.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Hold” and an average price target of $269.05.

Get Our Latest Stock Analysis on ADSK

Autodesk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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