Park Avenue Securities LLC Acquires 71 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Park Avenue Securities LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,191 shares of the software company’s stock after acquiring an additional 71 shares during the quarter. Park Avenue Securities LLC’s holdings in Autodesk were worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Autodesk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,385,461 shares of the software company’s stock worth $6,025,331,000 after buying an additional 119,034 shares during the last quarter. Geode Capital Management LLC grew its stake in Autodesk by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,715,702 shares of the software company’s stock worth $1,391,145,000 after purchasing an additional 45,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Autodesk by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,750 shares of the software company’s stock worth $902,597,000 after purchasing an additional 667,763 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company’s stock worth $849,858,000 after purchasing an additional 2,307,960 shares during the period. Finally, Northern Trust Corp boosted its holdings in Autodesk by 20.6% in the fourth quarter. Northern Trust Corp now owns 2,462,810 shares of the software company’s stock worth $727,933,000 after acquiring an additional 420,838 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of Autodesk stock opened at $298.57 on Friday. The stock has a 50 day moving average price of $281.20 and a 200-day moving average price of $285.58. Autodesk, Inc. has a one year low of $221.04 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $63.89 billion, a price-to-earnings ratio of 59.24, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. Barclays boosted their target price on Autodesk from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 23rd. Scotiabank lowered their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $350.00 price objective (up previously from $300.00) on shares of Autodesk in a research note on Friday, May 23rd. The Goldman Sachs Group raised their price objective on Autodesk from $270.00 to $300.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Finally, DA Davidson set a $305.00 target price on Autodesk and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $337.45.

Insider Activity at Autodesk

In other news, Director John T. Cahill bought 2,000 shares of the stock in a transaction on 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 owns 2,000 shares of the company’s stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 completion of the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. This represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

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.