Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Seven Mile Advisory

Seven Mile Advisory cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 717 shares of the software company’s stock after selling 201 shares during the period. Seven Mile Advisory’s holdings in Autodesk were worth $212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADSK. Mount Yale Investment Advisors LLC raised its stake in Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after buying an additional 35 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Autodesk by 1.0% in 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 last quarter. Grove Bank & Trust boosted its stake in Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC grew 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 worth $247,000 after purchasing an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 3.0 %

ADSK opened at $261.63 on Monday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The business has a 50-day moving average of $284.01 and a two-hundred day moving average of $288.55. 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 capitalization of $55.73 billion, a price-to-earnings ratio of 51.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Bank of America lifted their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Stifel Nicolaus reduced their price objective on Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Finally, UBS Group boosted their price objective on shares of Autodesk from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $336.29.

Insiders Place Their Bets

In other news, Director John T. Cahill acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now directly 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 link. Also, CAO Stephen W. Hope sold 2,452 shares of Autodesk stock in a transaction that occurred 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 $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by 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.