Florida Financial Advisors LLC Buys 161 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Florida Financial Advisors LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,191 shares of the software company’s stock after acquiring an additional 161 shares during the period. Florida Financial Advisors LLC’s holdings in Autodesk were worth $352,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Starboard Value LP bought a new position in shares of Autodesk during the third quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. increased its stake in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after buying an additional 26,768 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Autodesk in the 3rd quarter worth approximately $20,087,000. Finally, Bank of Montreal Can grew its holdings in shares of Autodesk by 8.7% in the third quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after acquiring an additional 73,363 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ADSK shares. UBS Group boosted their price objective on Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Citigroup reduced their price target on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Barclays lifted their price objective on shares of Autodesk from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Scotiabank reduced their target price on shares of Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $336.29.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $273.08 on Wednesday. The stock’s 50-day moving average is $285.41 and its 200 day moving average is $288.33. The stock has a market cap of $58.17 billion, a price-to-earnings ratio of 54.18, a P/E/G ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

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.