Guggenheim Capital LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,680 shares of the software company’s stock after purchasing an additional 81,756 shares during the quarter. Guggenheim Capital LLC owned 0.25% of Autodesk worth $58,566,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADSK. Cerebellum GP LLC purchased a new stake in Autodesk in the fourth quarter valued at approximately $116,000. Exane Derivatives purchased a new stake in shares of Autodesk during the fourth quarter worth $199,000. Virtue Capital Management LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $201,000. Chilton Investment Co. LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $210,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $216,000. 95.18% of the stock is currently owned by institutional investors.
Autodesk, Inc. (NASDAQ ADSK) opened at $136.00 on Wednesday. The company has a market capitalization of $30,478.32, a price-to-earnings ratio of -52.51, a P/E/G ratio of 88.70 and a beta of 1.82. The company has a quick ratio of 1.07, a current ratio of 0.88 and a debt-to-equity ratio of -6.20. Autodesk, Inc. has a twelve month low of $82.70 and a twelve month high of $141.26.
In other Autodesk news, VP Paul D. Underwood sold 2,089 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lorrie M. Norrington sold 6,005 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The disclosure for this sale can be found here. Insiders sold 15,599 shares of company stock worth $1,744,319 in the last three months. 6.10% of the stock is currently owned by corporate insiders.
ADSK has been the topic of a number of recent research reports. Deutsche Bank set a $140.00 price objective on Autodesk and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Evercore ISI set a $135.00 price objective on Autodesk and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $140.00 price objective (up previously from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. OTR Global raised Autodesk to a “positive” rating in a research report on Monday, February 5th. Finally, Guggenheim upped their price objective on Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Autodesk presently has a consensus rating of “Buy” and a consensus target price of $139.76.
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Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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