Snowden Capital Advisors LLC Sells 116 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Snowden Capital Advisors LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,796 shares of the software company’s stock after selling 116 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Autodesk were worth $2,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Autodesk by 30.6% during the 4th quarter. Royal Bank of Canada now owns 776,432 shares of the software company’s stock worth $229,491,000 after purchasing an additional 181,835 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Autodesk during the fourth quarter worth $31,502,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Autodesk during the fourth quarter worth $1,890,000. Polar Capital Holdings Plc lifted its stake in Autodesk by 141.4% in the fourth quarter. Polar Capital Holdings Plc now owns 31,750 shares of the software company’s stock valued at $9,384,000 after acquiring an additional 18,600 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Autodesk by 18.8% in the 4th quarter. ProShare Advisors LLC now owns 289,437 shares of the software company’s stock valued at $85,549,000 after acquiring an additional 45,732 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction that occurred 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 transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

Autodesk Stock Performance

ADSK opened at $298.08 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a market cap of $63.77 billion, a P/E ratio of 59.14, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The business’s fifty day moving average is $267.62 and its 200-day moving average is $286.42.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ADSK shares. Wells Fargo & Company dropped their target price on shares of Autodesk from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Scotiabank dropped 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. Bank of America lifted their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Morgan Stanley dropped their price target on Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Mizuho cut their price target on Autodesk from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. 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, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $321.32.

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.