812 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, HoldingsChannel reports. The fund acquired 812 shares of the software company’s stock, valued at approximately $240,000.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter worth $25,000. Tradewinds Capital Management LLC boosted its holdings in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Autodesk during the 4th quarter worth about $30,000. Addison Advisors LLC raised its position in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in Autodesk during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 1.1 %

Shares of NASDAQ:ADSK opened at $264.61 on Wednesday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $56.36 billion, a P/E ratio of 52.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a 50-day simple moving average of $282.77 and a 200 day simple moving average of $288.57.

Analyst Ratings Changes

Several research firms have weighed in on ADSK. Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. UBS Group raised their price objective on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Robert W. Baird decreased their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Citigroup decreased their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now owns 3,003 shares in the company, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Autodesk Company 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.