Tairen Capital Ltd Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Tairen Capital Ltd raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1,180.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,600 shares of the software company’s stock after buying an additional 23,600 shares during the quarter. Autodesk comprises 1.1% of Tairen Capital Ltd’s portfolio, making the stock its 24th largest position. Tairen Capital Ltd’s holdings in Autodesk were worth $7,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC raised its stake in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk during the fourth quarter valued at approximately $30,000. Addison Advisors LLC raised its stake in Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.8%

ADSK opened at $298.08 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. 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 $63.77 billion, a P/E ratio of 59.14, a P/E/G ratio of 2.94 and a beta of 1.47. The stock’s 50 day moving average price is $267.62 and its 200 day moving average price is $286.42.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research reports. UBS Group increased their price target on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Stifel Nicolaus dropped their price target on Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Macquarie reiterated an “outperform” rating and set a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Mizuho dropped their price target on Autodesk from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Scotiabank dropped their price target on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.32.

Insider Buying and Selling at Autodesk

In other news, Director John T. Cahill purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. The trade was 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 currently owned by corporate 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.