Insider Buying: Autodesk, Inc. (NASDAQ:ADSK) Director Buys 2,000 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK) Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Autodesk Stock Up 0.7 %

ADSK opened at $269.19 on Tuesday. The stock’s 50 day moving average price is $285.68 and its 200 day moving average price is $288.17. 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 stock has a market cap of $57.34 billion, a P/E ratio of 53.41, 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Starboard Value LP bought a new position in Autodesk in the 3rd quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. increased its stake in shares of Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after acquiring an additional 5,365 shares during the period. Brookstone Capital Management raised its holdings in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after purchasing an additional 26,768 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Autodesk in the third quarter worth approximately $20,087,000. Finally, Bank of Montreal Can boosted its stake in Autodesk by 8.7% during the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after purchasing an additional 73,363 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADSK. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research report on Tuesday, February 25th. Robert W. Baird reduced their price target on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Scotiabank cut their price objective on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $336.29.

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.