Rafferty Asset Management LLC Has $34.86 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Rafferty Asset Management LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 117,924 shares of the software company’s stock after selling 1,030 shares during the quarter. Rafferty Asset Management LLC’s holdings in Autodesk were worth $34,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Miracle Mile Advisors LLC grew its stake in shares of Autodesk by 34.3% during the fourth quarter. Miracle Mile Advisors LLC now owns 3,652 shares of the software company’s stock worth $1,079,000 after buying an additional 933 shares during the last quarter. Marcum Wealth LLC boosted its stake in shares of Autodesk by 6.2% during the fourth quarter. Marcum Wealth LLC now owns 1,324 shares of the software company’s stock valued at $391,000 after purchasing an additional 77 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Autodesk by 3.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,028 shares of the software company’s stock worth $895,000 after purchasing an additional 99 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Autodesk by 56.4% in the fourth quarter. Park Avenue Securities LLC now owns 4,120 shares of the software company’s stock valued at $1,218,000 after buying an additional 1,486 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after buying an additional 38 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, 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 transaction of $655,395.08. Following the transaction, 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. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $295.54 on Thursday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a market cap of $63.23 billion, a PE ratio of 58.64, a P/E/G ratio of 2.94 and a beta of 1.47. The stock has a 50-day moving average of $265.73 and a 200-day moving average of $286.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Analysts Set New Price Targets

ADSK has been the subject of several recent research reports. Oppenheimer restated an “outperform” rating on shares of Autodesk in a research report on Thursday, April 24th. Stifel Nicolaus lowered their target price on Autodesk from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Robert W. Baird decreased their price target on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Bank of America lifted their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Scotiabank lowered their price target on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.36.

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.