7,500 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Sphera Management Technology Funds Ltd

Sphera Management Technology Funds Ltd acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,500 shares of the software company’s stock, valued at approximately $2,217,000. Autodesk makes up 1.3% of Sphera Management Technology Funds Ltd’s portfolio, making the stock its 17th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC increased its holdings in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd lifted its holdings in Autodesk by 1.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after acquiring an additional 37 shares during the last quarter. Journey Strategic Wealth LLC raised its position in shares of Autodesk by 4.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after buying an additional 37 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of Autodesk by 3.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company’s stock valued at $320,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction dated Friday, March 28th. The shares were 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 directly owns 3,003 shares in the company, valued at $802,671.87. This represents a 44.95% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. KeyCorp decreased their price target on Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Bank of America boosted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Mizuho cut their price objective on shares of Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. DA Davidson dropped their price target on Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird upped their target price on shares of Autodesk from $303.00 to $335.00 and gave the company an “outperform” rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.32.

Autodesk Stock Performance

NASDAQ ADSK opened at $298.08 on Monday. The company has a 50 day moving average of $267.62 and a 200-day 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. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a market cap of $63.77 billion, a price-to-earnings ratio of 59.14, a PEG ratio of 2.94 and a beta of 1.47.

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.