Tidal Investments LLC Has $24.45 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Tidal Investments LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 82,707 shares of the software company’s stock after purchasing an additional 5,699 shares during the quarter. Tidal Investments LLC’s holdings in Autodesk were worth $24,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC increased its position in Autodesk by 1.9% during the 4th 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 increased its position in Autodesk by 1.0% during the 4th 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 during the period. Grove Bank & Trust increased its position in Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after purchasing an additional 37 shares during the period. Journey Strategic Wealth LLC increased its position in Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $298.08 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average is $267.62 and its 200 day moving average is $286.42. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. 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.

Insider Buying and Selling at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the company’s stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $534,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the firm’s 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 owns 3,003 shares in the company, valued at approximately $802,671.87. This trade represents a 44.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADSK. JPMorgan Chase & Co. decreased their target price on shares of Autodesk from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Bank of America increased their price target on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Stifel Nicolaus cut their price target on Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. KeyCorp cut their price target on Autodesk from $335.00 to $323.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup cut their price target on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.32.

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.