Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 60.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,454 shares of the software company’s stock after selling 6,761 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Autodesk were worth $1,316,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC grew its position in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Autodesk in the 4th quarter valued at approximately $30,000. Addison Advisors LLC raised its position in shares of Autodesk by 157.4% during 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 in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Autodesk during the fourth quarter worth $37,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Autodesk from $330.00 to $335.00 and gave the company an “overweight” rating in a research note 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 report on Thursday, February 27th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research report on Friday, November 29th. Rosenblatt Securities reissued a “buy” rating and set a $325.00 target price on shares of Autodesk in a research note on Tuesday, February 25th. Finally, Morgan Stanley raised their price target on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Price Performance

NASDAQ ADSK opened at $269.81 on Friday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The business’s fifty day moving average is $284.61 and its two-hundred day moving average is $288.08. The stock has a market capitalization of $57.47 billion, a P/E ratio of 53.53, a P/E/G ratio of 2.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Insider Transactions at Autodesk

In related news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, with a total value of $534,200.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 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.