GKV Capital Management Co. Inc. Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

GKV Capital Management Co. Inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 204 shares of the software company’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in Autodesk by 164.0% in the third quarter. SOA Wealth Advisors LLC. now owns 227 shares of the software company’s stock valued at $63,000 after buying an additional 141 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in Autodesk by 11.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 1,882 shares of the software company’s stock valued at $518,000 after buying an additional 188 shares in the last quarter. World Investment Advisors LLC bought a new position in Autodesk during the 3rd quarter worth approximately $3,923,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $4,751,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADSK. DA Davidson reduced their price objective on Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Monday. KeyCorp decreased their price target on shares of Autodesk from $335.00 to $323.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley dropped their price objective on shares of Autodesk from $385.00 to $330.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America lifted their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Oppenheimer dropped their price target on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $321.59.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $259.47 on Friday. The stock’s 50 day moving average price is $268.85 and its 200 day moving average price is $286.85. 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 $55.27 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.94 and a beta of 1.49. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

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.